The impact of harmonisation by the International Federation of Accountants: an empirical study of the informational value of Tunisian auditors’ reports on annual financial statements

摘要

Purpose – This paper examines the impact of the new, revised International Standard onAuditing (Revised ISA700) in terms of the wording characteristics of Tunisian auditors’reports.Design/methodology/approach – measurement of the compliance of auditors’ reports issued by Tunisian auditors with the new revised International Standard on Auditing (RevisedISA700)Findings – the audit reports examined are not fully compliant with all the elementsenumerated by the new standard issued by the International Federation of Accountants(IFAC)Originality/value – This paper provides new empirical evidence about the level ofcompliance with the revised ISA700. It discusses the limits on standardisation efforts fornational auditors’ reports, and the implications for accounting firms and their audit clients.