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Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world

Ibrahim K. Elmghaamez, Mohamed Elmagrhi Orcid Logo

International Journal of Auditing, Volume: 26, Issue: 2, Pages: 1 - 48

Swansea University Author: Mohamed Elmagrhi Orcid Logo

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DOI (Published version): 10.1111/ijau.12273

Abstract

This paper investigates the impact of four key transnational factors (i.e., cultural, educational, legal, and political factors) on the diffusion and early adoption of International Standards on Auditing (ISAs). Using data for 162 countries over 1995-2014 (i.e., 3,240 observations) and drawing on di...

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Published in: International Journal of Auditing
ISSN: 1090-6738 1099-1123
Published: Wiley 2022
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URI: https://cronfa.swan.ac.uk/Record/cronfa59054
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first_indexed 2021-12-30T14:36:33Z
last_indexed 2022-06-25T03:15:20Z
id cronfa59054
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spelling 2022-06-24T11:15:27.7344821 v2 59054 2021-12-30 Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world 4def956b7e2d996ad0bfbfcb710b7ef6 0000-0003-3803-8496 Mohamed Elmagrhi Mohamed Elmagrhi true false 2021-12-30 BAF This paper investigates the impact of four key transnational factors (i.e., cultural, educational, legal, and political factors) on the diffusion and early adoption of International Standards on Auditing (ISAs). Using data for 162 countries over 1995-2014 (i.e., 3,240 observations) and drawing on distinctive insights from diffusion theory, we found that common law countries tend to adopt ISAs faster than civil law countries. Our findings also show that vigorous legal enforcement and shareholder protection regimes promote the early adoption of ISAs, while robust judicial efficiency systems constrain the early adoption of ISAs. In addition, our results show that higher literacy rates and educational attainment simulate the earlier diffusion of ISAs. We also find that higher levels of individualism and uncertainty avoidance, but low levels of power distance cultural values boost the early adoption of ISAs. Finally, our results report that countries with strong political stability and control of corruption tend to adopt ISAs faster than those with solid government effectiveness. Journal Article International Journal of Auditing 26 2 1 48 Wiley 1090-6738 1099-1123 auditing history; auditing standards; cultural dimensions; diffusion theory; educational factors; legal factors; political factors; regulation 17 1 2022 2022-01-17 10.1111/ijau.12273 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University Not Required 2022-06-24T11:15:27.7344821 2021-12-30T14:33:38.6283605 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Ibrahim K. Elmghaamez 1 Mohamed Elmagrhi 0000-0003-3803-8496 2 Under embargo Under embargo 2021-12-30T14:36:09.7804837 Output 704189 application/pdf Accepted Manuscript true 2024-01-17T00:00:00.0000000 true eng
title Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world
spellingShingle Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world
Mohamed Elmagrhi
title_short Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world
title_full Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world
title_fullStr Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world
title_full_unstemmed Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world
title_sort Diffusion theory, transnational antecedents and International Standards on Auditing adoption around the world
author_id_str_mv 4def956b7e2d996ad0bfbfcb710b7ef6
author_id_fullname_str_mv 4def956b7e2d996ad0bfbfcb710b7ef6_***_Mohamed Elmagrhi
author Mohamed Elmagrhi
author2 Ibrahim K. Elmghaamez
Mohamed Elmagrhi
format Journal article
container_title International Journal of Auditing
container_volume 26
container_issue 2
container_start_page 1
publishDate 2022
institution Swansea University
issn 1090-6738
1099-1123
doi_str_mv 10.1111/ijau.12273
publisher Wiley
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 0
active_str 0
description This paper investigates the impact of four key transnational factors (i.e., cultural, educational, legal, and political factors) on the diffusion and early adoption of International Standards on Auditing (ISAs). Using data for 162 countries over 1995-2014 (i.e., 3,240 observations) and drawing on distinctive insights from diffusion theory, we found that common law countries tend to adopt ISAs faster than civil law countries. Our findings also show that vigorous legal enforcement and shareholder protection regimes promote the early adoption of ISAs, while robust judicial efficiency systems constrain the early adoption of ISAs. In addition, our results show that higher literacy rates and educational attainment simulate the earlier diffusion of ISAs. We also find that higher levels of individualism and uncertainty avoidance, but low levels of power distance cultural values boost the early adoption of ISAs. Finally, our results report that countries with strong political stability and control of corruption tend to adopt ISAs faster than those with solid government effectiveness.
published_date 2022-01-17T04:16:03Z
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score 11.012678

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