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Investigating the dimensions of the balanced scorecard affecting the performance evaluation of auditing Firms: using confirmatory factor analysis
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Behnam Karamshahi *   , Tabandeh Salehi , Zainab Azami |
| Shahid Bahonar University of Kerman |
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Abstract: (359 Views) |
Iran's audit institutions are required to meet complex and multiple performance goals for their sustainability and growth, and this shows the necessity of performance evaluation and strategic planning. In this regard, the aim of this research is to investigate the dimensions of the balanced evaluation approach that affects the performance evaluation of auditing companies using confirmatory factor analysis. In this research, after checking content validity, confirmatory factor analysis, correlation matrix and Cronbach's alpha were used to check construct validity. The information needed for the research has been collected from 172 partners and managers of independent auditing firms in Iran, in order to evaluate the opinions of independent auditors regarding the proposed criteria of balance scorecard, and to analyze the data using AMOS and Lisrel software was used. The findings of the research show that a balanced evaluation card with five dimensions of learning and growth, customers, internal processes, finance and the perspective of corporate ethics related to auditing (code of professional conduct) is effective for evaluating and improving the performance of audit institutions. It provides a comprehensive and targeted framework for evaluating the strategic performance of Iranian audit institutions. The results of the research showed that the development and application of the proposed criteria of balanced evaluation improves the performance of auditing companies, and by using balanced evaluation criteria, auditing companies gain more knowledge about the drivers that affect performance and strategy. and thus a competitive advantage is created. The results of this research are valuable not only for auditing institutions, but also for auditing supervisory boards and auditor standards compilers. They can design supervisory processes and mechanisms with a better understanding of functional systems in audit institutions of different sizes.
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| Keywords: balanced scorecard, performance evaluation, confirmatory factor analysis |
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Full-Text [PDF 357 kb]
(83 Downloads)
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Type of Study: Research |
Subject:
Auditing
Received: 2023/04/4 | Accepted: 2023/05/20 | Published: 2024/03/10
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