How to cite this paper
Alharasis, E., Prokofieva, M., Clark, C., Hussainey, K., Marei, A., Lutfi, A & Alrawad, M. (2025). External auditing costs of fair value model amongst Jordanian financial institutions: The moderating effect of ownership structure.Uncertain Supply Chain Management, 13(2), 261-276.
Refrences
Abdullatif, M. (2016). Auditing fair value estimates in developing countries: The case of Jordan. Asian Journal of Business and Accounting, 9(2), 101-140.
Alexeyeva, I., & Mejia‐Likosova, M. (2016). The impact of fair value measurement on audit fees: Evidence from financial institutions in 24 European countries. International journal of auditing, 20(3), 255-266.
Alhababsah, S. (2019). Ownership structure and audit quality: An empirical analysis considering ownership types in Jordan. Journal of International Accounting, Auditing and Taxation, 35, 71-84.
Alharasis, E. E., & Alkhwaldi, A. F. (2024, June). The Implementation of Advanced AIS and the Accounting Data Quality: The Case of Jordanian SMEs. In International Conference on Human-Computer Interaction. 149-173). Cham: Springer Nature Switzerland.
Alharasis, E. E., Clark, C., & Prokofieva, M. (2021). External audit fees and fair value disclosures among Jordanian listed companies: does the type of corporate industry matter?. Asian Journal of Business and Accounting, 14(2).
Alharasis, E. E., Prokofieva, M., & Clark, C. (2022). The moderating impact of auditor industry specialisation on the relationship between fair value disclosure and audit fees: empirical evidence from Jordan. Asian Review of Accounting, 31(2), 227-255.
Alharasis, E. E., Prokofieva, M., & Clark, C. (2022b). Fair value accounting and audit fees: The moderating effect of the Global Financial Crisis in Jordan. Asian Academy of Management Journal of Accounting and Finance, 18(1), 163-194.
Alharasis, E.E. & Mustafa, F. (2024). The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordan. Journal of Family Business Management, 14(3), 405-430.
Alharasis, E.E. (2023). Evaluation of ownership structure and audit-quality in the wake of the Covid-19 crisis: empirical evidence from Jordan. International Journal of Law and Management, 65(6), 635-662.
Alharasis, E.E., Alidarous, M., Alkhwaldi, A. F., Haddad, H., Alramahi, N., & Al-Shattarat, H. K. (2023). Corporates’ monitoring costs of fair value disclosures in pre-versus post-IFRS7 era: Jordanian financial business evidence. Cogent Business & Management, 10(2), 2234141.
Alharasis, E.E., Alkhwaldi, A.F. & Hussainey, K. (2024). Key audit matters and auditing quality in the era of COVID-19 pandemic: the case of Jordan. International Journal of Law and Management, 66, 4, 417-446.
Al‐Htaybat, K. (2018). IFRS adoption in emerging markets: The case of Jordan. Australian Accounting Review, 28(1), 28-47.
Ali, A., Chen, T. Y., & Radhakrishnan, S. (2007). Corporate disclosures by family firms. Journal of accounting and economics, 44(1-2), 238-286.
Alkhazaleh, A. M. K., & Marei, A. (2021). Would irregular auditing implements impact the quality of financial reports: Case study in jordan practice. Journal of Management Information and Decision Sciences, 24(6), 1-14.
Alkhwaldi, A.F., Alidarous, M.M. & Alharasis, E.E. (2024). Antecedents and outcomes of innovative blockchain usage in accounting and auditing profession: an extended UTAUT model. Journal of Organizational Change Management, 37(5), 1102-1132.
Alqudah, H., Lutfi, A., Al Qudah, M. Z., Alshira'h, A. F., Almaiah, M. A., & Alrawad, M. (2023). The impact of empowering internal auditors on the quality of electronic internal audits: A case of Jordanian listed services companies. International Journal of Information Management Data Insights, 3(2), 100183.
Anderson, R.C. & Reeb, D.M. (2003). Founding‐family ownership and firm performance: evidence from the S&P 500, The Journal of Finance, 58(3), 1301-28.
Badertscher, B.A., Burks, J.J., & Easton, P.D. (2011). A convenient scapegoat: Fair value accounting by commercial banks during the financial crisis', The Accounting Review, 87, 1, 59-90.
Barth, M.E., & Landsman, W.R. (2018), Using Fair Value Earnings to Assess Firm Value. Accounting Horizons, 32, 4, 49-58.
Cheng, C.A., & Reitenga, A. (2009). Characteristics of institutional investors and discretionary accruals', International Journal of Accounting & Information Management, 17(1), 5-26.
Chi, H.-Y., & Chin, C.-L. (2011). Firm versus partner measures of auditor industry expertise and effects on auditor quality', Auditing: A Journal of Practice & Theory, 30(2), 201-29.
Chrisman, J.J., Chua, J.H. & Litz, R.A. (2004). Comparing the agency costs of family and non-family firms: Conceptual issues and exploratory evidence', Entrepreneurship Theory and Practice, 28(4), 335-54.
Ettredge, M.L., Xu, Y., & Yi, H.S. (2014). Fair value measurements and audit fees: Evidence from the banking industry', Auditing: A Journal of Practice & Theory, 33(3), 33-58.
Fan, J.P., & Wong, T.J. (2005). Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia', Journal of Accounting Research, 43(1), 35-72.
Gebhardt, Gu., & Novotny‐Farkas, Z. (2011). Mandatory IFRS adoption and accounting quality of European banks', Journal of Business Finance & Accounting, 38(3‐4), 289-333.
Glover, S.M., Taylor, M.H., Wu, Y.J., & Trotman, K.T. (2019). Mind the gap: Why do experts have differences of opinion regarding the sufficiency of audit evidence supporting complex fair value measurements. Contemporary Accounting Research, 36(3), 1417-60.
Griffith, E.E. (2020). Auditors, specialists, and professional jurisdiction in audits of fair values', Contemporary Accounting Research, 37, 1, 245-76.
Griffith, E.E., Hammersley, J.S., & Kadous, K. (2015). Audits of complex estimates as verification of management numbers: How institutional pressures shape practice. Contemporary Accounting Research, 32(3), 833-63.
Hay, D. C., Knechel, W. R., & Wong, N. (2006). Audit fees: A meta‐analysis of the effect of supply and demand attributes. Contemporary accounting research, 23(1), 141-191.
Huang, H.-W.S., Feng, Z.-Y.A., & Zaher, A.A. (2020). Fair value and ecoNomic consequences of financial restatements. Finance Research Letters, 34, 101244.
IAS Plus (2005). Fair Value Measurements, Deloitte Global Services Limited, viewed 28/8/2019, .
IAS Plus (2018). Conceptual Framework for Financial Reporting, IFRS, viewed 5/6/2018, .
IAS Plus (2019a). Conceptual Framework for Financial Reporting 2018, Deloitte Global Services Limited, viewed 20/10/2019, .
IAS Plus (2019b). IAS 39 — Financial Instruments: Recognition and Measurement, Deloitte Global Services Limited, viewed 2/2/2019, .
IAS Plus (2020). IFRS 13 — Fair Value Measurement, Deloitte Global Services Limited, viewed 24/3/2020, .
Jamaani, F., Alidarous, M., & Alharasis, E. (2022). The combined impact of IFRS mandatory adoption and institutional quality on the IPO companies’ underpricing. Journal of Financial Reporting and Accounting, 22(4).
Jiraporn, P., & DaDalt, P. J. (2009). Does founding family control affect earnings management?. Applied Economics Letters, 16(2), 113-119.
Khlif, H., & Achek, I. (2016). IFRS adoption and auditing: a review. Asian Review of Accounting, 24(3), 338-361.
Lim, M., How, J., & Verhoeven, P. (2014). Corporate ownership, corporate governance reform and timeliness of earnings: Malaysian evidence. Journal of Contemporary Accounting & Economics, 10(1), 32-45.
Lin, H-L., & Yen, A.-R. (2016). The effects of IFRS experience on audit fees for listed companies in China. Asian Review of Accounting, 24(1), 43-68.
Lin, S, Pizzini, M, Vargus, M. & Bardhan, I.R. (2011). The role of the internal audit function in the disclosure of material weaknesses. The Accounting Review, 86(1), 287-323.
Lin, Y.-H., Lin, S., Fornaro, J.M., & Huang, H-W.S. (2017). Fair value measurement and accounting restatements', Advances in Accounting, 38, 30-45.
Lutfi, A., Alkilani, S. Z., Saad, M., Alshirah, M. H., Alshirah, A. F., Alrawad, M., ... & Ramadan, M. H. (2022). The influence of audit committee chair characteristics on financial reporting quality. Journal of Risk and Financial Management, 15(12), 563.
Mansour, M., Al Zobi, M. T., Saleh, M. W., Al‐Nohood, S., & Marei, A. (2024). The board gender composition and cost of debt: Empirical evidence from Jordan. Business Strategy & Development, 7(1), e300.
Miranda-Lopez, J., & Valdovinos-Hernandez, I. (2019). The impact of the global economic crisis of 2008 on earnings quality in Mexico. Journal of Accounting in Emerging Economies, 9(3), 407-421.
Nawaiseh, M. E., Bader, A., & Nawaiseh, H. N. (2019). Ownership structure and audit pricing: Conventional versus Islamic banks in Jordan. Academy of Accounting and Financial Studies Journal, 23(2), 1-20.
Niemi, L. (2005). Audit effort and fees under concentrated client ownership: Evidence from four international audit firms. The international journal of accounting, 40(4), 303-323.
Niskanen, M., Karjalainen, J., & Niskanen, J. (2010). The role of auditing in small, private family firms: is it about quality and credibility?. Family Business Review, 23(3), 230-245.
Qushtom, T. F. A., Al-Fasfus, F. S., Alshawahneh, H. M. I., & Marei, A. (2022, March). Exploring the expected moderating effect of COVID-19 on the effectiveness of ISA 520-analytical procedures-on the quality of auditors’ reports in Jordan. In International Conference on Business and Technology . 1395-1404. Cham: Springer International Publishing.
Samaha, K., & Khlif, H. (2016). Adoption of and compliance with IFRS in developing countries: A synthesis of theories and directions for future research. Journal of Accounting in Emerging Economies, 6(1), 33-49.
Sangchan, P., Habib, A., Jiang, H., & Bhuiyan, M.B.U. (2020). Fair Value Exposure, Changes in Fair Value and Audit Fees: Evidence from the Australian Real Estate Industry. Australian Accounting Review, 30(93), 123-143.
Tahat, Y., Omran, M.A., & AbuGhazaleh, N.M. (2018). Factors affecting the development of accounting practices in Jordan: an institutional perspective. Asian Review of Accounting, 26(4), 464-86.
Tama-Sweet, I., & Zhang, L. (2015). The value relevance of fair value financial assets during and after the 2008 financial crisis: evidence from the banking industry. Journal of Finance and Bank Management, 3(1), 11-24.
Wang, Y, Buijink, W., & Eken, R (2006). The value relevance of dirty surplus accounting flows in The Netherlands. The International Journal of Accounting, 41(4), 387-405.
Yao, D.F.T., Percy, M., & Hu, F. (2015). Fair value accounting for Non-current assets and audit fees: Evidence from Australian companies', Journal of Contemporary Accounting & Economics, 11(1), 31-45.
Alexeyeva, I., & Mejia‐Likosova, M. (2016). The impact of fair value measurement on audit fees: Evidence from financial institutions in 24 European countries. International journal of auditing, 20(3), 255-266.
Alhababsah, S. (2019). Ownership structure and audit quality: An empirical analysis considering ownership types in Jordan. Journal of International Accounting, Auditing and Taxation, 35, 71-84.
Alharasis, E. E., & Alkhwaldi, A. F. (2024, June). The Implementation of Advanced AIS and the Accounting Data Quality: The Case of Jordanian SMEs. In International Conference on Human-Computer Interaction. 149-173). Cham: Springer Nature Switzerland.
Alharasis, E. E., Clark, C., & Prokofieva, M. (2021). External audit fees and fair value disclosures among Jordanian listed companies: does the type of corporate industry matter?. Asian Journal of Business and Accounting, 14(2).
Alharasis, E. E., Prokofieva, M., & Clark, C. (2022). The moderating impact of auditor industry specialisation on the relationship between fair value disclosure and audit fees: empirical evidence from Jordan. Asian Review of Accounting, 31(2), 227-255.
Alharasis, E. E., Prokofieva, M., & Clark, C. (2022b). Fair value accounting and audit fees: The moderating effect of the Global Financial Crisis in Jordan. Asian Academy of Management Journal of Accounting and Finance, 18(1), 163-194.
Alharasis, E.E. & Mustafa, F. (2024). The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordan. Journal of Family Business Management, 14(3), 405-430.
Alharasis, E.E. (2023). Evaluation of ownership structure and audit-quality in the wake of the Covid-19 crisis: empirical evidence from Jordan. International Journal of Law and Management, 65(6), 635-662.
Alharasis, E.E., Alidarous, M., Alkhwaldi, A. F., Haddad, H., Alramahi, N., & Al-Shattarat, H. K. (2023). Corporates’ monitoring costs of fair value disclosures in pre-versus post-IFRS7 era: Jordanian financial business evidence. Cogent Business & Management, 10(2), 2234141.
Alharasis, E.E., Alkhwaldi, A.F. & Hussainey, K. (2024). Key audit matters and auditing quality in the era of COVID-19 pandemic: the case of Jordan. International Journal of Law and Management, 66, 4, 417-446.
Al‐Htaybat, K. (2018). IFRS adoption in emerging markets: The case of Jordan. Australian Accounting Review, 28(1), 28-47.
Ali, A., Chen, T. Y., & Radhakrishnan, S. (2007). Corporate disclosures by family firms. Journal of accounting and economics, 44(1-2), 238-286.
Alkhazaleh, A. M. K., & Marei, A. (2021). Would irregular auditing implements impact the quality of financial reports: Case study in jordan practice. Journal of Management Information and Decision Sciences, 24(6), 1-14.
Alkhwaldi, A.F., Alidarous, M.M. & Alharasis, E.E. (2024). Antecedents and outcomes of innovative blockchain usage in accounting and auditing profession: an extended UTAUT model. Journal of Organizational Change Management, 37(5), 1102-1132.
Alqudah, H., Lutfi, A., Al Qudah, M. Z., Alshira'h, A. F., Almaiah, M. A., & Alrawad, M. (2023). The impact of empowering internal auditors on the quality of electronic internal audits: A case of Jordanian listed services companies. International Journal of Information Management Data Insights, 3(2), 100183.
Anderson, R.C. & Reeb, D.M. (2003). Founding‐family ownership and firm performance: evidence from the S&P 500, The Journal of Finance, 58(3), 1301-28.
Badertscher, B.A., Burks, J.J., & Easton, P.D. (2011). A convenient scapegoat: Fair value accounting by commercial banks during the financial crisis', The Accounting Review, 87, 1, 59-90.
Barth, M.E., & Landsman, W.R. (2018), Using Fair Value Earnings to Assess Firm Value. Accounting Horizons, 32, 4, 49-58.
Cheng, C.A., & Reitenga, A. (2009). Characteristics of institutional investors and discretionary accruals', International Journal of Accounting & Information Management, 17(1), 5-26.
Chi, H.-Y., & Chin, C.-L. (2011). Firm versus partner measures of auditor industry expertise and effects on auditor quality', Auditing: A Journal of Practice & Theory, 30(2), 201-29.
Chrisman, J.J., Chua, J.H. & Litz, R.A. (2004). Comparing the agency costs of family and non-family firms: Conceptual issues and exploratory evidence', Entrepreneurship Theory and Practice, 28(4), 335-54.
Ettredge, M.L., Xu, Y., & Yi, H.S. (2014). Fair value measurements and audit fees: Evidence from the banking industry', Auditing: A Journal of Practice & Theory, 33(3), 33-58.
Fan, J.P., & Wong, T.J. (2005). Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia', Journal of Accounting Research, 43(1), 35-72.
Gebhardt, Gu., & Novotny‐Farkas, Z. (2011). Mandatory IFRS adoption and accounting quality of European banks', Journal of Business Finance & Accounting, 38(3‐4), 289-333.
Glover, S.M., Taylor, M.H., Wu, Y.J., & Trotman, K.T. (2019). Mind the gap: Why do experts have differences of opinion regarding the sufficiency of audit evidence supporting complex fair value measurements. Contemporary Accounting Research, 36(3), 1417-60.
Griffith, E.E. (2020). Auditors, specialists, and professional jurisdiction in audits of fair values', Contemporary Accounting Research, 37, 1, 245-76.
Griffith, E.E., Hammersley, J.S., & Kadous, K. (2015). Audits of complex estimates as verification of management numbers: How institutional pressures shape practice. Contemporary Accounting Research, 32(3), 833-63.
Hay, D. C., Knechel, W. R., & Wong, N. (2006). Audit fees: A meta‐analysis of the effect of supply and demand attributes. Contemporary accounting research, 23(1), 141-191.
Huang, H.-W.S., Feng, Z.-Y.A., & Zaher, A.A. (2020). Fair value and ecoNomic consequences of financial restatements. Finance Research Letters, 34, 101244.
IAS Plus (2005). Fair Value Measurements, Deloitte Global Services Limited, viewed 28/8/2019, .
IAS Plus (2018). Conceptual Framework for Financial Reporting, IFRS, viewed 5/6/2018, .
IAS Plus (2019a). Conceptual Framework for Financial Reporting 2018, Deloitte Global Services Limited, viewed 20/10/2019, .
IAS Plus (2019b). IAS 39 — Financial Instruments: Recognition and Measurement, Deloitte Global Services Limited, viewed 2/2/2019, .
IAS Plus (2020). IFRS 13 — Fair Value Measurement, Deloitte Global Services Limited, viewed 24/3/2020, .
Jamaani, F., Alidarous, M., & Alharasis, E. (2022). The combined impact of IFRS mandatory adoption and institutional quality on the IPO companies’ underpricing. Journal of Financial Reporting and Accounting, 22(4).
Jiraporn, P., & DaDalt, P. J. (2009). Does founding family control affect earnings management?. Applied Economics Letters, 16(2), 113-119.
Khlif, H., & Achek, I. (2016). IFRS adoption and auditing: a review. Asian Review of Accounting, 24(3), 338-361.
Lim, M., How, J., & Verhoeven, P. (2014). Corporate ownership, corporate governance reform and timeliness of earnings: Malaysian evidence. Journal of Contemporary Accounting & Economics, 10(1), 32-45.
Lin, H-L., & Yen, A.-R. (2016). The effects of IFRS experience on audit fees for listed companies in China. Asian Review of Accounting, 24(1), 43-68.
Lin, S, Pizzini, M, Vargus, M. & Bardhan, I.R. (2011). The role of the internal audit function in the disclosure of material weaknesses. The Accounting Review, 86(1), 287-323.
Lin, Y.-H., Lin, S., Fornaro, J.M., & Huang, H-W.S. (2017). Fair value measurement and accounting restatements', Advances in Accounting, 38, 30-45.
Lutfi, A., Alkilani, S. Z., Saad, M., Alshirah, M. H., Alshirah, A. F., Alrawad, M., ... & Ramadan, M. H. (2022). The influence of audit committee chair characteristics on financial reporting quality. Journal of Risk and Financial Management, 15(12), 563.
Mansour, M., Al Zobi, M. T., Saleh, M. W., Al‐Nohood, S., & Marei, A. (2024). The board gender composition and cost of debt: Empirical evidence from Jordan. Business Strategy & Development, 7(1), e300.
Miranda-Lopez, J., & Valdovinos-Hernandez, I. (2019). The impact of the global economic crisis of 2008 on earnings quality in Mexico. Journal of Accounting in Emerging Economies, 9(3), 407-421.
Nawaiseh, M. E., Bader, A., & Nawaiseh, H. N. (2019). Ownership structure and audit pricing: Conventional versus Islamic banks in Jordan. Academy of Accounting and Financial Studies Journal, 23(2), 1-20.
Niemi, L. (2005). Audit effort and fees under concentrated client ownership: Evidence from four international audit firms. The international journal of accounting, 40(4), 303-323.
Niskanen, M., Karjalainen, J., & Niskanen, J. (2010). The role of auditing in small, private family firms: is it about quality and credibility?. Family Business Review, 23(3), 230-245.
Qushtom, T. F. A., Al-Fasfus, F. S., Alshawahneh, H. M. I., & Marei, A. (2022, March). Exploring the expected moderating effect of COVID-19 on the effectiveness of ISA 520-analytical procedures-on the quality of auditors’ reports in Jordan. In International Conference on Business and Technology . 1395-1404. Cham: Springer International Publishing.
Samaha, K., & Khlif, H. (2016). Adoption of and compliance with IFRS in developing countries: A synthesis of theories and directions for future research. Journal of Accounting in Emerging Economies, 6(1), 33-49.
Sangchan, P., Habib, A., Jiang, H., & Bhuiyan, M.B.U. (2020). Fair Value Exposure, Changes in Fair Value and Audit Fees: Evidence from the Australian Real Estate Industry. Australian Accounting Review, 30(93), 123-143.
Tahat, Y., Omran, M.A., & AbuGhazaleh, N.M. (2018). Factors affecting the development of accounting practices in Jordan: an institutional perspective. Asian Review of Accounting, 26(4), 464-86.
Tama-Sweet, I., & Zhang, L. (2015). The value relevance of fair value financial assets during and after the 2008 financial crisis: evidence from the banking industry. Journal of Finance and Bank Management, 3(1), 11-24.
Wang, Y, Buijink, W., & Eken, R (2006). The value relevance of dirty surplus accounting flows in The Netherlands. The International Journal of Accounting, 41(4), 387-405.
Yao, D.F.T., Percy, M., & Hu, F. (2015). Fair value accounting for Non-current assets and audit fees: Evidence from Australian companies', Journal of Contemporary Accounting & Economics, 11(1), 31-45.