... and Ethics in Accounting, Volume 10, 3–34Copyright r 2005 by Elsevier Ltd.All rights of reproduction in any form reservedISSN: 1574-0765/doi :10. 1016/S1574-0765(05 )100 01-63explanations and ... completing the annual audit (SAS No. 65 AICPA, 1991; AS 2, PCAOB, 2004a). The work of acompetent and independent internal audit function will affect the nature,timing, and extent of the annual independent ... control assurance, and compliance work, most of which influencefinancial reporting quality.The annual audit completed by the independent auditor is an importantdeterminant of financial reporting...