The role of culture on the adoption of international standards on auditing in the developing countries: An institutional perspective

Ahmed Eltweri, Alessio Faccia, Luigi Pio Leonardo Cavaliere

Research output: Contribution to journalArticlepeer-review

Abstract

This paper examines the role played by the culture on the adoption of the International Standards on Auditing (referred to as ISA henceforth) that intends to stimulate establishing an efficient auditing regime in Libyan auditing practice. The current research conducted interviews with 43 participants across five Libyan key stakeholders in the auditing environment. The methodology employed was in line with the relevant literature and it serves to achieve the aims and to answer the questions of this study (Ménacère, 2016). Institutional isomorphism produces a greater impact on Libya accounting and auditing practices (Phillips & Jiao, 2016). Therefore, this study examines that the cultural factor systematically and consistently assesses the level of ISA adoption, commitment, and associated harmonisation. Given the growing interest in harmonising the auditing practice, not only by scholars but also by policy and decision-makers, this study is aimed at contributing to improve and develop an under-researched topic in Africa, by expanding the literature on the importance of harmonising auditing practices. It also provides fresh insights into auditing practices in a politically unstable country. Awareness is also raised about other relevant drivers of adopting ISA.

Original languageEnglish
Pages (from-to)162-171
Number of pages10
JournalJournal of Governance and Regulation
Volume9
Issue number4
DOIs
Publication statusPublished - 2020
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2020 The Authors.

Keywords

  • Auditing Environment
  • Culture
  • Developing Countries
  • Institutional Theory
  • International Standards on Auditing

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Economics and Econometrics
  • Finance
  • Public Administration

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