Journal is indexed in following databases:
- SCOPUS
- Web of Science Core Collection - Journal Citation Reports
- EBSCOhost
- Directory of Open Access Journals
- TRID Database - Transportation Research Board
- Index Copernicus Journals Master List
- BazTech
- Google Scholar
2023 Journal Impact Factor - 0.7
2023 CiteScore - 1.4
ISSN 2083-6473
ISSN 2083-6481 (electronic version)
Editor-in-Chief
Associate Editor
Prof. Tomasz Neumann
Published by
TransNav, Faculty of Navigation
Gdynia Maritime University
3, John Paul II Avenue
81-345 Gdynia, POLAND
e-mail transnav@umg.edu.pl
Development Of Model for Measuring Audit Quality in Maritime Safety Management
1 Western Norway University of Applied Sciences, Haugesund, Rogaland, Norway
ABSTRACT: The effectiveness of International Safety Management (ISM) Code has been evaluated in many aspects. However, limited research has been attempted to evaluate the auditing mechanism, its quality, and links with the effectiveness of the Code. The aim of this Paper is to define the concepts of quality in auditing and thereafter propose a model for measuring audit quality in maritime safety management. The major challenge is that almost all auditing literature and research is focused on accounting and financial domain. Therefore, it was decided to utilize suitable principles and concepts about audit quality from financial domain and modify them to maritime context. As no theoretical model for Audit Quality in maritime domain is available, a model sourced from financial audits is modified for use. The framework for recontextualized modifying of borrowed theories from the disciplines outside the reference discipline, was used on Wooten (2003) model and Maritime Audit Quality Model (MAQM) has been proposed for evaluating ISM auditing mechanism.
KEYWORDS: Maritime Safety, Maritime Safety Regulation, International Safety Management (ISM) Code, Audit Quality, ISM Audit, Maritime Safety Management, Audit Quality Model, IMO
REFERENCES
P. Anderson, ISM Code: A Practical Guide to the Legal and Insurance Implications. New York: Informa Law from Routledge, 2015. - doi:10.4324/9781315720227
International Convention for the Safety of Life at Sea (SOLAS), 1974, 2018.
ISM Code, IMO, 2018.
Revised Guidelines on the Implementation of the International Safety Management (ISM) Code by Administrations, Resolution A.1118(30) 2018.
C. Mironeasa and G. G. Codina, "A new approach of audit functions and principles," Journal of Cleaner Production, vol. 43, pp. 27-36, 2013. - doi:10.1016/j.jclepro.2012.12.018
W. R. Knechel and L. B. Shefchik, "Audit Quality," in The Routledge Companion to Auditing, D. Hay, W. R. Knechel, and M. Willekens Eds.: Routledge 2014.
W. R. Knechel, G. V. Krishnan, M. Pevzner, L. B. Shefchik, and U. Velury, "Audit Quality : Insights from the Academic Literature," Auditing: A Journal of Practice & Theory vol. 32, 1, pp. 385-421, 2013. - doi:10.2308/ajpt-50350
R. Manitaa and N. Elommal, "The Quality of Audit Process: An Empirical Study with Audit Committees," International Journal of Business, vol. 15, no. 1, pp. 87-99, 2010.
J. Bing, C. X. Huang, A. Li, and X. Zhu, "Audit Quality Research Report - Australian National Centre for Audit and Assurance Research," Australian National Centre for Audit and Assurance Research, 2014. [Online]. Available: https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.681.7605&rep=rep1&type=pdf
IAASB, A Framework for Audit Quality. 2014. - doi:10.5604/16414381.1098806
G. K. Baah and T. J. Fogarty, "What Auditors Think about Audit Quality - A New Perspective on an Old Issue," Journal of Managerial Issues, vol. 30, no. 4, pp. 483-504, 2018.
S. Karapetrovic and W. Willborn, "Quality assurance and effectiveness of audit systems," International Journal of Quality & Reliability Management, vol. 17, no. 6, pp. 679-703, 2000. - doi:10.1108/02656710010315256
UK’s Financial Reporting Council (FRC) "The Audit Quality Framework," 2008. [Online]. Available: https://www.frc.org.uk/getattachment/46582304-32b1-43bb-b614-90318b295f28/The-Audit-Quality-Framework-Feb-2008.pdf
Australian National Audit Office (ANAO). "Quality Assurance Framework and Plan 2020–21." https://www.anao.gov.au/work/corporate/quality-assurance-framework-and-plan-2020-21 (accessed 2022).
D. Vaicekauskas and J. Mackevičius, "Developing a framework for audit quality management in audit firms," Zeszyty Teoretyczne Rachunkowości, vol. 75, no. 131, pp. 171-193, 2014. - doi:10.5604/16414381.1098806
N. A. Sulaiman, F. Mat Yasin, and R. Muhamad, "Perspectives of Audit Quality: An Analysis," Asian Journal of Accounting Perspectives, vol. 11, no. 1, pp. 1-27, 2018. - doi:10.22452/AJAP.vol11no1.1
T. C. Wooten, "Research About Audit Quality," The CPA Journal, vol. 73, no. 1, pp. 48-51, 2003.
M. Moeini, B. Simeonova, R. D. Galliers, and A. Wilson, "Theory borrowing in IT-rich contexts: Lessons from IS strategy research," Journal of Information Technology, vol. 35, no. 3, pp. 270-282, 2020. - doi:10.1177/0268396220912745
Citation note:
Sharma D.R.: Development Of Model for Measuring Audit Quality in Maritime Safety Management. TransNav, the International Journal on Marine Navigation and Safety of Sea Transportation, Vol. 17, No. 4, doi:10.12716/1001.17.04.03, pp. 781-787, 2023
Other publications of authors:
File downloaded 125 times
