Audit Quality Dynamics in the Mauritian Private Sector: Unraveling Influential Factors through Quantitative Analysis

Abstract

This research delves into the factors influencing the quality of external audits for private companies in Mauritius Given the expanding volume of financial information and the subsequent need for rigorous audit processes evaluating audit quality has become a contemporary concern Drawing from prior research key indicators such as audit complexity time budget pressure audit tenure auditor s experience audit fees auditor s independence professional skepticism audit risks and auditor rotation are recognized as pivotal elements affecting external audit quality Utilizing a quantitative survey method data is gathered from professionals including licensed auditors audit staff audit managers and audit partners in Mauritius through random sampling techniques Demographic factors such as age gender and education are scrutinized to enhance the understanding of the topic The Mann Whitney U test One-way Anova test and Chi-square test are employed to test the hypotheses developed in the research The study s findings indicate that time budget pressure auditor s experience auditor s independence audit risks and auditor rotation predominantly influence the external audit quality of private companies in Mauritius Recommendations are provided to enhance external audit quality emphasizing the need for audit firms in Mauritius to invest in audit software and ensure adequate training for employees