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Audit consortium of joint and dual audits is one of the most controversial mechanisms aimed at improving audit quality and resolving several related debatable issues. This study aims to empirically investigate the impact of audit consortium on audit quality assessment in Egypt. It specifically examines whether audit opinion modification level is triggered by joint and dual audits existence and whether it is influenced by the relative importance of the auditor pair combination types.

A sample of companies listed on the Egyptian Stock Exchange constituting the EGX 30 index is examined over a period of five years, from 2016 to 2020. A quantitative research methodology is used, using content analysis of companies’ audit reports and carrying out longitudinal panel ordinary least squares multiple regression tests.

Results show that audit quality is significantly enhanced by conducting joint and dual audits of Egyptian companies’ financial statements. Findings indicate that both joint and dual audits significantly increase auditors’ propensity to modify audit opinions as compared to companies that engage in single audits. However, this increase in audit quality is not supported by the presence of Big 4 joint auditors or affiliated joint auditors, while the impact of Big 4 dual auditors cannot be confirmed. Nevertheless, such a potential increase in audit opinion modification is boosted by the presence of affiliated dual auditors, which appears to translate into higher quality.

The study has important implications for researchers, corporates, those charged with governance, financial statement users, auditors, regulators and standard setters, who might be interested in whether an audit consortium and a particular auditor pair combination are associated with superior audit quality. It provides empirical evidence that might contribute to the continuous challenge of promoting the quality and effectiveness of the external audit.

This study adds to the relatively limited and challenging literature on the potential contribution of audit consortium, using audit opinion modification level as a direct assessment of audit quality. It extends the scope of prior research by examining the existence of joint and dual audits and the relative importance of joint and dual auditor pair combination types. The study provides key insights from a distinctive and complex emerging audit market.

This study aims to examine the strategies that auditors in Bangladesh follow in identifying and reporting key audit matters (KAMs). The study also examines the factors affecting auditors’ strategies in the identification and disclosures of KAMs.

The authors have conducted interviews with audit partners, chief financial officers (CFOs) and regulators involved in KAMs reporting and monitoring. The authors have used the lens of institutional theory of coercive, mimetic and normative isomorphism and the concept of decoupling.

Auditors have used a decoupling strategy by identifying and reporting greater number of industry-generic KAMs than that of other countries in an effort to minimize risks and avoid regulatory scrutiny, although they disclose remote risks as KAMs and mask severe problem areas of the client. Because of the principle-based approach of International Standards on Auditing (ISA) 701 and because of the pressure and misunderstanding from the audit committee, auditors report industry-generic items and generic descriptions of KAMs.

The findings have important implications for the standard setters and local and global audit firms for the diffusion of new auditing standards in different jurisdictions. Without the development of audit firm-level capability and the corporate governance environment, changes in standards may not be effective in achieving the objectives of the standards.

Although auditors consider that the KAMs reporting requirements provide with opportunities to enhance audit profession’s legitimacy and public trusts, the actual KAMs reporting practices are driven by the market logic, an urge to maintain the status quo with clients and eventual rationalization of the impairment of professional independence.

Given the dearth of prior research on the implementation and diffusion patterns of ISA 701 KAMs reporting, this study fills the gap in the literature. To the best of the authors’ knowledge, this is the first known study to examine auditors’ strategic responses to balance among conflicting priorities in reporting KAMs.

This paper aims to determine whether audit opinions in Morocco, an emerging market, are value relevant to the stock market, through the investigation of the market reaction to the issuance of modified audit opinions (MAOs).

The event study approach is used. The data are derived from the financial reports of listed companies on the Casablanca Stock Exchange over a period of 10 years from 2010 to 2019.

This paper does not find evidence that the market reacts to the issuance of MAOs when grouped together. When partitioning the sample by types, there is an evidence of a stock market reaction to qualified audit opinions and the qualified audit opinions with observation paragraph when they are combined with a negative variation of earnings per share. Examination of the impact of different natures of qualifications shows no consistent results and that the market does not distinguish between natures of qualifications.

These results may be due to the fact that some investors have information about the audit opinion long before it is made public, due to privileged access to audit opinions, or that investors underestimate audit opinions relative to other financial indicators.

This study contributes to the existing literature by investigating an emerging market, not previously tested, after the introduction of several regulatory reforms in Moroccan market aimed at enhancing transparency in financial reporting. It refines the market reaction models used in previous studies by using both ordinary least squares and the Scholes–Williams techniques that correct for the effect of thin trading on the market index. In addition, special attention is given to studying the market reaction to each type of MAOs and to each natures of qualifications.

Until now, a lot of research has been done and applied to provide security and original data from one user to another, such as third-party auditing and several schemes for securing the data, such as the generation of the key with the help of encryption algorithms like Rivest–Shamir–Adleman and others. Here are some of the related works that have been done previously. Remote damage control resuscitation (RDCR) scheme by Yan et al. (2017) is proposed based on the minimum bandwidth. By enabling the third party to perform the verification of public integrity. Although it supports the repair management for the corrupt data and tries to recover the original data, in practicality it fails to do so, and thus it takes more computation and communication cost than our proposed system. In a paper by Chen et al. (2015), using broadcast encryption, an idea for cloud storage data sharing has been developed. This technique aims to accomplish both broadcast data and dynamic sharing, allowing users to join and leave a group without affecting the electronic press kit (EPK). In this case, the theoretical notion was true and new, but the system’s practicality and efficiency were not acceptable, and the system’s security was also jeopardised because it proposed adding a member without altering any keys. In this research, an identity-based encryption strategy for data sharing was investigated, as well as key management and metadata techniques to improve model security (Jiang and Guo, 2017). The forward and reverse ciphertext security is supplied here. However, it is more difficult to put into practice, and one of its limitations is that it can only be used for very large amounts of cloud storage. Here, it extends support for dynamic data modification by batch auditing. The important feature of the secure and efficient privacy preserving provable data possession in cloud storage scheme was to support every important feature which includes data dynamics, privacy preservation, batch auditing and blockers verification for an untrusted and an outsourced storage model (Pathare and Chouragadec, 2017). A homomorphic signature mechanism was devised to prevent the usage of the public key certificate, which was based on the new id. This signature system was shown to be resistant to the id attack on the random oracle model and the assault of forged message (Nayak and Tripathy, 2018; Lin et al., 2017). When storing data in a public cloud, one issue is that the data owner must give an enormous number of keys to the users in order for them to access the files. At this place, the knowledge assisted software engineering (KASE) plan was publicly unveiled for the first time. While sharing a huge number of documents, the data owner simply has to supply the specific key to the user, and the user only needs to provide the single trapdoor. Although the concept is innovative, the KASE technique does not apply to the increasingly common manufactured cloud. Cui et al. (2016) claim that as the amount of data grows, distribution management system (DMS) will be unable to handle it. As a result, various proven data possession (PDP) schemes have been developed, and practically all data lacks security. So, here in these certificates, PDP was introduced, which was based on bilinear pairing. Because of its feature of being robust as well as efficient, this is mostly applicable in DMS. The main purpose of this research is to design and implement a secure cloud infrastructure for sharing group data. This research provides an efficient and secure protocol for multiple user data in the cloud, allowing many users to easily share data.

The methodology and contribution of this paper is given as follows. The major goal of this study is to design and implement a secure cloud infrastructure for sharing group data. This study provides an efficient and secure protocol for multiple user data in cloud, allowing several users to share data without difficulty. The primary purpose of this research is to design and implement a secure cloud infrastructure for sharing group data. This research develops an efficient and secure protocol for multiple user data in the cloud, allowing numerous users to exchange data without difficulty. Selection scheme design (SSD) comprises two algorithms; first algorithm is designed for limited users and algorithm 2 is redesigned for the multiple users. Further, the authors design SSD-security protocol which comprises a three-phase model, namely, Phase 1, Phase 2 and Phase 3. Phase 1 generates the parameters and distributes the private key, the second phase generates the general key for all the users that are available and third phase is designed to prevent the dishonest user to entertain in data sharing.

Data sharing in cloud computing provides unlimited computational resources and storage to enterprise and individuals; moreover, cloud computing leads to several privacy and security concerns such as fault tolerance, reliability, confidentiality and data integrity. Furthermore, the key consensus mechanism is fundamental cryptographic primitive for secure communication; moreover, motivated by this phenomenon, the authors developed SSDmechanismwhich embraces the multiple users in the data-sharing model.

Files shared in the cloud should be encrypted for security purpose; later these files are decrypted for the users to access the file. Furthermore, the key consensus process is a crucial cryptographic primitive for secure communication; additionally, the authors devised the SSD mechanism, which incorporates numerous users in the data-sharing model, as a result of this phenomena. For evaluation of the SSD method, the authors have considered the ideal environment of the system, that is, the authors have used java as a programming language and eclipse as the integrated drive electronics tool for the proposed model evaluation. Hardware configuration of the model is such that it is packed with 4 GB RAM and i7 processor, the authors have used the PBC library for the pairing operations (PBC Library, 2022). Furthermore, in the following section of this paper, the number of users is varied to compare with the existing methodology RDIC (Li et al., 2020). For the purposes of the SSD-security protocol, a prime number is chosen as the number of users in this work.

This study aims to investigate the effect of the health crisis, that is, coronavirus disease 2019 (COVID-19), on audit fees.

The authors use a sample of 5,008 international firms over the period 2014 to 2020. They use the ordinary least squares (OLS) regression to investigate the study hypotheses.

The results of OLS regression reveal a negative relationship between the COVID-19 pandemic and audit fees. This finding implies that the pandemic is associated with a reduction in audit fees.

This study contributes to the literature by providing the first comprehensive empirical evidence on the effect of the COVID-19 pandemic on audit fees. The results have implications for regulators and investors.

Despite the existing attempts on COVID-19 and audit fees, to the best of the authors’ knowledge, this study is the first that provides international insights into the economic consequences of COVID-19 on the accounting profession.

This study examines the effect of political connections on the performance of banks in the MENA region separately and then moderated by family, institutional and state ownership.

A hierarchical regression method was used for a sample of 111 banks operating in 10 MENA countries observed from 2009 to 2019.

The results indicate significant negative relationships between political connections and bank performance. Furthermore, institutional and family ownership moderates this relationship; institutional investors and family shareholders attenuate separately the negative impact of political connections on bank performance. Moreover, state ownership positively moderates this relationship; states as shareholders accentuate the negative relationship between political connections and bank performance. Splitting our sample according to bank-specific features (banks in authoritarian regimes versus hybrid regimes, Islamic banks versus conventional banks) confirms our findings. Our results are robust to an alternative measure of bank performance.

Banks operating in the MENA region have to be aware of the consequence of political connections. In addition, they have to take into account the role of ownership structure when they seek to attenuate the harmful effect of political connections.

This paper offers an in-depth understanding of the impact of political connections on bank performance by drawing from two institutional logics: resource dependence logic and agency logic. Some recommendations on the importance of changing the existing ownership structure are highlighted, encouraging some investors to take part in the capital of banks in this region.

This research aims to explore the integration of Bing Chat, an artificial intelligence (AI)-powered conversational assistant, into academic libraries and its potential impact on reference services.

This study analyzes existing literature to investigate the integration of Bing Chat in academic libraries. This research focuses on its features, capabilities and implications for enhancing user experiences and addressing information needs.

The findings highlight that Bing Chat’s conversational interface facilitates more dynamic and context-aware reference interactions, fostering user empowerment and personalized learning pathways. The integration of Bing Chat with existing library resources enhances resource discovery, navigational assistance and engagement with visual content. However, challenges related to accuracy, privacy and algorithmic bias require careful consideration.

This research contributes to the literature by providing an in-depth exploration of Bing Chat’s integration into academic libraries, emphasizing its transformative potential for reference services. This study addresses ethical and social dimensions associated with AI-driven tools in library environments, offering insights into ensuring fairness, privacy and user trust.

This research aims to develop a blockchain smart contract–enabled framework to resolve power imbalance problems in construction payment.

This research adopts a design science research method to develop the blockchain smart contract–enabled framework. The authors then develop a prototype system. Finally, the authors evaluate its performance in solving power imbalance-induced payment problems.

The results show that the prototype system can resolve power imbalance problems in construction payment by allowing project participants to make transparent and decentralized decisions that are self-enforceable by blockchain smart contracts.

This study provides theoretical explanations for how blockchain smart contracts can resolve power imbalances in construction payment; based on that, it proposes a novel blockchain smart contract–enabled method to rebalance the power of stakeholders in construction payment. Thus, it contributes to the body of knowledge on blockchain technology and construction payment.

This study moves beyond a conceptual framework and develops a practical blockchain smart contract system for resolving power imbalances in construction payment, strengthening construction project members' confidence in using blockchain technology.

The proposed blockchain smart contract–enabled solution helps mitigate negative social impacts associated with late payment and non-payment. Furthermore, the research maximizes trust among participants in payment processes to inspire collaborative culture in the construction industry.

This paper introduces a novel blockchain smart contract integrated method, allowing project stakeholders to resolve power imbalance problems in construction payment through decentralized decision-making.

This study aims to examine the impact of Jordan’s defense law on the accounting and auditing professions during the COVID-19 pandemic.

Using a qualitative methodology with a philosophy of interpretivism, semi-structured interviews were conducted with seven audit partners and 14 auditors to explore the consequences of the defense law in Jordan. Thematic analysis was used to identify key themes and findings.

The study reveals significant impacts of the defense law on the accounting and auditing professions. Additional disclosures in financial statements were required, increasing the workload for accounting professionals. Auditors faced challenges related to non-compliance risks, fraud risks, management override risks in collecting sufficient evidence. Specific industries, such as restaurants, transportation and tourism, were particularly affected, posing higher audit risks.

This study contributes to the international debate on the impact of crisis-related laws on the audit profession. It offers insights into the challenges faced by auditors during crises and underscores the necessity of adapting auditing practices to new regulatory requirements. The study’s originality lies in its examination of the specific consequences of the defense law in Jordan, providing valuable implications for professionals worldwide and emphasizing ongoing discussions on crisis-related regulations in auditing practices. It underscores the need for adaptability, learning and innovation in addressing regulatory changes and managing audit risks in crisis situations. The findings provide valuable insights for professionals worldwide and emphasize ongoing discussions on crisis-related regulations in auditing practices.

The purpose of this paper is to investigate the comment letters (CLs) in the standard-setting process of audits of less complex entities (LCEs). The objective is to gain insight into the overall picture of the CLs and to report on areas where comment providers agree or disagree with IAASB's Part 10.

A content analysis of 60 comment letter (CLs) was conducted to investigate the suggested additional Part 10 on audits of groups' financial statements in the proposed ISA for LCEs. Hence, this study examines three specific topics: (1) the views related to the use of the International Standard on Auditing (ISA) for LCEs for group audits in which component auditors are involved, (2) the proposed group-specific qualitative characteristics to describe the scope of group audits and, finally, (3) insights into the content of the proposed Part 10 and related conforming amendments. The Gioia method is used to provide a holistic approach to concept development of the arguments about the new Part 10.

The CLs stated that, while the proposed Part 10 has some weak points, it still provides a solid and practical structure within which to undertake an LCE group audit and a promising basis for further development. For instance, when discussing the improvements, the CLs stated that Part 10 should allow for more auditor judgment when determining when the involvement of component auditors renders a group audit complex. In addition, the CLs asserted that professional judgment should be engaged when considering the qualitative characteristics and the complexity of the group.

This study contributes to the very scarce research about the ISA for LCEs and the role of lobbying in shaping the audit standard-setting process.