This chapter relates background regarding the insight of the organization under review and the problem. Subsequent sections state the statement of the problem, main topic, sub research questions, research objectives and significance of the research. The chapter also examines delimitation and limitations of the study. Definition of technical terms are given at the end of the chapter.
1.1Background of the study
Marx ,B etail(2004) asserts that the audit quality is the basis of the credibility of the financial statements.According to De Angelo (1991) audit quality depends on the probability of auditor s ‘discovery of the unbiased truthful report of material errors, emission and misrepresentations from the clients’ financial statements. This ability of a truthful, unbiased report depends on the auditor s' professional conduct with the client, which are based on the objectivity of the auditor, such as professionalism and conflict of interest says Adenyi S and Mieseigha E.G (2013).
AMG Global Chartered Accountancy (Zimbabwe)is a professional accounting firm which provides business and advisory services.Central to the firm s' growth is its emphasis on client relationship management and its ability to combine business knowledge, technical skills and commitment to deliver auditing and business advisory services.The chief operations partner Mr Wesley Sibanda highlighted that the firm implements the long- term relationship between auditor and client in the minutes of the meeting in 28February 2013.
The firm has always implemented the long-term auditor -client relationship over the past ye...
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...981)Auditor Independence ,low bailing and disclosure regulations.Journal of Accounting and Economics ,3(August)pp 113-127
Gieger,M, and Raghundan,K(2002).Auditor tenure and audit quality.Auditing Journal of Practice and Theory,21(1),pp 187-196
Marx,B. Van Der Watt,A. Bourne,P. and Hanel,A.(2004)Dynamic Auditing (7th Edition).Lexisnexis Butterworths,Durban
Adeniyi ,S.I and Mieseigha,E.G.(2013).Audit Tenure:Assessment of its Effect on Audit Quality in Nigeria:Internal Journal of Academic Research in Accounting,Finance and Management Sciences 3(3)pp 275-283
Public Accounting Act 2 Section 38(2).
International Federation of Accountants:Handbook of International Audit,Assurance and Ethics pronounced.(2005) Edition.
Puttick. G. and Van Esch.S. Principles and Practice of Auditing.(8th Edition).Institute of Chartered Accountants of Zimbabwe.Zimbabwe.
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