| Component | |||
Reliability | Firm Performance | Assurance | Reputation | |
High audit quality enables a firm to confidently confront criticism of its audited report. | 0.806 |
|
|
|
Audit quality ensures a true and fair view of the firm financial position and performance. | 0.804 |
|
|
|
High quality financial statements increase a firm’s performance. | 0.738 |
|
|
|
Audit quality is an important contributor to successful performance. |
| 0.832 |
|
|
High quality audit ensures due diligence in a firm’s policy-making and decision-making. |
| 0.818 |
|
|
Audit quality helps to attract foreign direct investment. |
| 0.655 |
|
|
Audit quality promotes good governance. |
|
| 0.774 |
|
Audit quality helps to attract domestic investment. |
|
| 0.740 |
|
Audit quality is essential for effective risk management and control. |
|
| 0.609 |
|
High quality audit enhances the image and reputation of both auditor and auditee. |
|
|
| 0.767 |
High quality audit is essential for ensuring stakeholders’ trust and confidence in the audit firm. |
|
|
| 0.750 |