EVALUATION OF EXTERNAL AUDIT SERVICES: AN EMPIRICAL APPROACH ON HEALTH CARE ORGANIZATIONS

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George Drogalas ORCID logo, Alkiviadis Karagiorgos ORCID logo, Dimitrios Mitskinis, Nikolaos Antonakis

DOI:10.22495/rgcv9i2p1

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Abstract

The International Auditing Standards mainly concern the quality of audit work and their objective is to help the external auditor provide reasonable assurance for the financial statements with the most effective way. The aim of this paper is to evaluate external audit services based on the International Standards on Auditing. Specifically, there is an empirical approach in the health sector aimed at the investigation of the quality of the audit work, the general principles and responsibilities, the risk assessment, the audit evidence and using the work of others. To facilitate the progress of this research, a questionnaire was created and distributed to the employees of the Economic Departments of the largest health care organizations in Northern Greece. The results depict that “risk assessment”, “audit evidence” and “using the work of others” are factors that affect positively audit quality.

Keywords: Auditing, External Audit, International Standards on Auditing, Health Care Organizations

Received: 07.02.2019
Accepted: 21.03.2019
Published online: 22.03.2019

JEL Classification: H83, M42, M48

How to cite this paper: Drogalas, G., Karagiorgos, A., Mitskinis, D., & Antonakis, N. (2019). Evaluation of external audit services: An empirical approach on health care organizations. Risk Governance and Control: Financial Markets & Institutions, 9(2), 8-17. http://doi.org/10.22495/rgcv9i2p1