51
magazine
ALRAQABA
nual report. Furthermore, prepare the report of
the final account examination, review the report
by the technical office, and hold a meeting with
the related entity to discuss notices, prepare the
periodical report after the meeting by the work
team. In addition, review the periodical report by
the management and the technical office; trans-
fer the report to the assistant undersecretary to
give opinion. SAB Undersecretary, issued a reso-
lution on 30/6/2014 approving the work system
no.(2014-7) in relation to audit quality manage-
ment.
Field study, results and recommendations
Analyze accounting opinion literature in relation
to audit quality, in addition to the presentation of
the current international professional organiza-
tions issues on the organization, rationing of the
audit - review profession, and to follow up the
implementation of the content of the international
professional organizations issues. Accordingly, a
set of eight questions covering many of the is-
sue sides, and was presented for the practitioners
of the review and audit profession in the private
and public sector through personal interviews
that reached 10 by which answers on all previous
questions were gathered.
According to the analysis of field study data, the
current study reached the following results:
1- There is a close link between the audit quality
achievement, and the activation of the procedures
for the formation of the company’s management
committees, establish review committees to in-
sure the efficiency of the internal control systems
as recommended by governance policies and di-
rections.
2-
The national legislations
related to audit quality does not
go in line with the requirements
of the international issues that are
set out by international profes-
sional organizations.
3-
Governance
require-
ments have close relation with
the achievement of audit quality.
4-
Audit quality uprising shall
be reflected on the professional
costs level proposed by audit of-
fices.
5-
Financial data users de-
sire of high level of audit quality
is a strong reality for increasing
quality, but it shall result in the in-
crease of the professional costs
level that is not preferred by cus-
tomers.
6-
Considering to the quality
of the review report contents shall
be reflected positively on the au-
dit quality.
7-
Audit quality levels are dif-
ferent among audit offices in the
State of Kuwait according to the
category, to which the office be-
longs
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systems that are part of the entity’s responsibili-
ties and its management. The accounts auditor
should insure of their quality level.
5-
Increase the related parties and stakeholder’s
awareness, e.g. review committee, members of
the board of directors so they participate positive-
ly with the accounts auditors work.
6-
Increase awareness among working individu-
als, and the interested parties in the field of busi-
ness about the importance of the control process
quality, and that it directly works for the society
interest in general, and affects economic sectors.
7-
Increase disclosure levels of the accounts audi-
tor’s works and the SAIs for the society individu-
als, thus benefit is for all, and the society recog-
nizes the role and importance of the audit quality.
8-
Make related parties and stakeholders aware
of that the increase in the audit quality requires
costs increase in return by the accounts auditors
and SAIs
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