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Dr Ibrahim Allehaidan
The Impact of the Prohibition of Non-Audit Services
on the Audit Profession
ABSTRACT
This paper examines to what extent the prohibition of rendering joint non-audit services and audit services in Saudi Arabia impairs the audit profession. A survey questionnaire was sent to practicing auditors from audit firms in the year 2011 to examine their perceptions on non-audit services and its impact, if any, on the audit profession. The study uses demographics of auditors to test hypotheses. The results revealed that respondents express their opinions that such a prohibition would lead to the impairment of the audit profession. However, this paper adds to the literature on non-audit services and the audit profession in one of the Emerging economies; Saudi Arabia. It provides evidence that supports Saudi Arabia regulators’ initiatives to revise the code of Certified Public Accountants in an attempt to enhance the audit profession and provides controls on non-audit services that reduce threats and maintain high quality of audit services.
Keywords: Non-audit services – independence - audit profession - Saudi Organization of Certified Public Accountants - Saudi Arabia
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