External audit and quality of accounting and financial information of companies in Senegal

Abstract

This study aims to examine the contribution of external audits to improving the quality of corporate accounting and financial information in Senegal. Based on semi-structured interviews conducted with seven accounting firms in the Dakar region, our findings indicate that the training and expertise of external auditors, their ability to utilize modern tools and technologies, and the presence of internal audit committees during their engagements all contribute to enhancing the quality of accounting and financial information for companies in Senegal. This study could help executives better understand the importance of external audits in improving information quality, thereby mitigating risks and sending a positive signal to stakeholders. It could also encourage them to adopt more transparent governance practices and implement mechanisms that foster a culture of compliance and accountability—key drivers of performance.