Principles of Entrepreneurship Auditing: A Framework for Understanding Audit Efficacy

Zbyslaw Dobrowolski
European Research Studies Journal, Volume XXIV, Issue 2B, 145-157, 2021
DOI: 10.35808/ersj/2208


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.

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