The Impact of Joint Auditing on Audit Quality in Banks Listed on the Iraq Stock Exchange

Abstract

This research looks at how joint auditing affects audit quality in banks that are listed on the Iraq Stock Exchange. An essential function of banks listed on the Iraq Stock Exchange is to supply capital and propel the nation's economy forward. Given the significance of this role, enhancing audit quality and ensuring timely issuance of audit reports is of special importance. Therefore, this research examines how collaborative auditing affects audit quality and the prompt release of audit results in Iraqi banks. The study uses a combination of qualitative and quantitative research techniques for data collection and analysis. Initially, data and information were gathered through a library-based method, while research data were collected from financial statements, explanatory notes, and the monthly bulletin of the stock exchange. Subsequently, these data were analyzed using statistical methods to evaluate how cooperative auditing affects the caliber of audits. The study's findings demonstrate that, in banks listed on the Iraq Stock Exchange, the application of joint auditing may greatly enhance audit quality. These findings are presented to bank managers, auditors, and stock market regulators to help them make the best decisions to enhance transparency and trust in Iraq’s financial market.