The Impact of the Length of the External Audit Period on the External Auditor (A Field Study on External Audit Offices and Firms in Misrata)

Abstract

This study aims to examine the impact of the audit period length and the level of
competition on the independence of external auditors. A non-random sample of 30
individual audit offices and auditing firms in Misrata was used. The study employed
a descriptive analytical approach utilizing the SPSS Statistics 27 software for data
analysis.
The study was divided into three parts: the first part focused on the general
framework of the study, the second part covered the theoretical framework, and the
third part was dedicated to the practical framework. Additionally, the conclusion
presented the key findings and recommendations.
Key Findings:
1. The necessity of periodically rotating auditors to ensure their independence
and avoid conflicts of interest.
2. Enhancing competition among audit firms, which contributes to improving
service quality.