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Principles of Entrepreneurship Auditing: A Framework for Understanding Audit Efficacy

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  • Zbyslaw Dobrowolski

Abstract

Purpose: This study presents a general framework for analyzing factors associated with entrepreneurship audit efficacy. The framework is intended to sharpen one thinking about improving audit process quality and enriching the audit theory better to understand the multiple drivers of audit planning and execution. While the framework has a broad scope, the research focuses mainly on audit requirements presented in auditing standards. Approach/Methodology/Design: This paper's insights have emerged iteratively by considering both theory and the empirical data based on INTOSAI auditing standards and guidelines and observation of audit organization from the United States, Germany, and the United Kingdom. The abductive reasoning and grounded theory were used during this study. Findings: The universal principles of audit efficacy were formulated. Practical Implications: This study continues developing the audit theory and attempts to enrich it by pointing to the audit efficacy factors. From the practical side, the research allows for the formulation of several directional proposals, improving auditors' work. Originality/Value: This study aims to determine universal factors of audit efficacy and determine whether auditors may create epistemic injustice through their operations.

Suggested Citation

  • Zbyslaw Dobrowolski, 2021. "Principles of Entrepreneurship Auditing: A Framework for Understanding Audit Efficacy," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 145-157.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:2b:p:145-157
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    References listed on IDEAS

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    1. Zbyslaw Dobrowolski, 2020. "The supreme audit institutions readiness to uncertainty," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 513-525, September.
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    6. Lowensohn, Suzanne & Johnson, Laurence E. & Elder, Randal J. & Davies, Stephen P., 2007. "Auditor specialization, perceived audit quality, and audit fees in the local government audit market," Journal of Accounting and Public Policy, Elsevier, vol. 26(6), pages 705-732.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Auditing; management; efficacy; epistemic injustice; entrepreneurship.;
    All these keywords.

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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