The Quality of Company Audit in Indonesia during COVID-19 Pandemic: A Review of Literature

Erwin Indriyanto; Molina Molina; Muhammad Nur; Kumba Digdowiseiso

doi:10.56225/gjbesd.v1i2.14

Authors

Erwin Indriyanto Faculty of Economics and Business, National University, Jakarta Selatan, Daerah Khusus Ibukota Jakarta, Indonesia
Molina Molina Faculty of Economics and Business, National University, Jakarta Selatan, Daerah Khusus Ibukota Jakarta, Indonesia
Muhammad Nur Faculty of Economics and Business, National University, Jakarta Selatan, Daerah Khusus Ibukota Jakarta, Indonesia
Kumba Digdowiseiso Faculty of Economics and Business, National University, Jakarta Selatan, Daerah Khusus Ibukota Jakarta, Indonesia

DOI:

https://doi.org/10.56225/gjbesd.v1i2.14

Keywords:

Audit Quality, Company Audit, COVID-19

Abstract

As many companies transform, auditing is crucial in a company's development process, especially during the COVID-19 pandemic. Transformation without a financial audit can lead to problems because it may not effectively minimize fraud or unanticipated risks. With the advent of COVID-19, auditors' work is constrained by government policies that limit on-site work, preventing auditors from accessing necessary data freely. This situation has the potential to result in lower-quality audit reports. Research on the quality of company audits during the COVID-19 pandemic was conducted using review literature. The research process involved collecting data from offline and online journals and proceedings. This study revealed a general decline in audit quality, but there were also cases where the quality remained consistent with the pre-COVID-19 period. This study concludes that the quality of audit analysis results plays a crucial role in ensuring company transparency and integrity, particularly in the presentation of financial reports. By leveraging the audit findings provided by the auditors, stakeholders will have a robust and thorough foundation for making informed conclusions and decisions regarding the company's future. Amidst the COVID-19 pandemic, the integrity of audits came under scrutiny due to the numerous changes implemented by companies striving to endure the crisis.

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