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