Strengthening Audit Quality Framework: Multi-Stakeholder Approach: A Systematic Literature Review
1Hasnawati, 2Sukrisno Agoes, 3Harnovinsah, 4M. Ardiansyah Syam
1Student of Doctor in Economics – Postgraduate School – University of Pancasila – Jakarta - INDONESIA
2Professor, Doctoral Program, Postgraduate School - University of Pancasila – Jakarta - INDONESIA
3,4Associate Professor, Magister in Accounting – Faculty of Economics & Business - University of Pancasila – Jakarta - INDONESIA
https://doi.org/10.47191/jefms/v8-i4-27
ABSTRACT:
In today's complex and rapidly evolving business landscape, ensuring robust audit quality is crucial for stakeholders. While extensive research has traditionally focused on internal factors within the auditing profession, there is a growing recognition of the need to adopt a broader, multi-stakeholder approach to enhance audit quality. This systematic literature review examines the enhancement of the audit quality framework through a multi-stakeholder approach, highlighting the roles and interactions of various stakeholders, including auditors, regulators, users, management, and those involved in governance. The review synthesizes existing studies, reports, and academic research to provide comprehensive insights into the multi-dimensional aspects of audit quality within a collaborative ecosystem. The objectives of the literature review are to identify and analyze the key stakeholders and their unique contributions to the audit process. Findings from the review demonstrate that a multi-stakeholder approach, as advocated by the International Auditing and Assurance Standards Board (IAASB), offers promising prospects for enhancing audit quality. Collaboration among stakeholders is a critical factor in ensuring the effectiveness of the approach. The literature review concludes with a call for further research to address knowledge gaps and explore emerging technologies' impact on audit quality within a multi-stakeholder context.
KEYWORDS:
Strengthening, Audit Quality, Multi-stakeholder, Systematic Literature Review
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