OJAcct  Vol.9 No.2 , April 2020
The Effect of the Chartered Accountant’s Work on the Sustainability of the Lebanese Companies
Abstract: This article has been written with the aim of seeing the impact of the chartered accountant on the sustainability of Lebanese companies. In order to respond to this problem, we have presented a general vision of chartered accountants and the importance of their intervention in a company. Then we conducted interviews with fifty chartered accountants with large experience in different regions of the Lebanese territory in order to highlight the different missions they carried out in the Lebanese companies, their role in business continuity and development, how they faced their companies’ challenges, what added values they offered to them, which then led us to summarize the tasks chartered accountants saw necessary for the continuity of the companies. We also have visited twelve accounting firms and see the different stages of the accounts’ auditing. A questionnaire was prepared in order to collect all needed information. We distributed it to one hundred thirty companies in different regions with the aim of seeing the role played by the chartered accountants, the missions they carried out, the essential tasks to the companies’ sustainability as well as other questions enriching our study which we have presented in this article.
Cite this paper: Makdissi, R. , Nehme, A. and Khawaja, M. (2020) The Effect of the Chartered Accountant’s Work on the Sustainability of the Lebanese Companies. Open Journal of Accounting, 9, 15-29. doi: 10.4236/ojacct.2020.92002.

[1]   AICPA (2019). General Principles for Engagements Performed in Accordance with Statements on Standards for Accounting and Review Services. In Codification of Statements on Standards for Accounting and Review Services (pp. 65-78).

[2]   Alkaswna, R., Al-Oqool, M., & Bashayreh, M. (2014). The Importance of the Accounting Information and the Role of the Scientific Accounting Research in Developing the Economic Development Service in the Developing Countries (Case Study Jordan). Research in Applied Economics, 6, 240-257.

[3]   Al-Shaer, H., & Zaman, M. (2018). Credibility of Sustainability Reports: The Contribution of Audit Committees. Business Strategy and the Environment, 27, 973-986.

[4]   Asgary, N., & Maccari, E. (2019). Essentials of Bookkeeping. In N. H. Asgary, & E. A. Maccari (Eds.), Entrepreneurship, Innovation and Sustainable Growth: Opportunities and Challenges. Abingdon-on-Thames: Taylor & Francis.

[5]   Avesani, M. (2020). Chap. 2. Sustainability, Sustainable Development, and Business Sustainability. In Life Cycle Sustainability Assessment for Decision-Making (pp. 21-38). Amsterdam: Elsevier.

[6]   Baldvinsdottir, G., Hagberg, A., Johansson, I.-L., Jonäll, K., & Marton, J. (2011). Accounting Research and Trust: A Literature Review. Qualitative Research in Accounting & Management, 8, 382-424.

[7]   Bloch, A., & Nabat, E. (2009). Pérennité organisationnelle et transformation. Concilier l’inconciliable ? Revue Française de Gestion, 192, 113-126.

[8]   Bouwer, J., & Schauten, M. (2019). Basics of Bookkeeping. London: Routledge.

[9]   Busco, C., Grana, F., & Izzo, M. F. (2018). Sustainable Development Goals and Integrated Reporting. Abingdon-on-Thames: Routledge.

[10]   Chaharmahali, M., Akbari, J., Rezaei, H., & Mortazavian, S. (2013). The Audit Confirmation Importance and Necessity. Advances in Environmental Biology, 7, 2914-2919.

[11]   Degrilart, C., Mehani, T., & Cherkaoui, D. (2015). Réussir son diplôme d’expertise comptable. Levallois Perret, France: Studyrama.

[12]   Endaya, K. (2018). Coordination and Cooperation between Internal and External Auditors. Research Journal of Finance and Accounting, 5, 76-80.

[13]   Fettry, S., Anindita, T., Wikansari, R., & Sunaryo, K. (2019). The Future of Accountancy Profession in the Digital Era. In A. G. Abdullah, I. Widiaty, & C. U. Abdullah (Eds.), Global Competitiveness: Business Transformation in the Digital Era. Abingdon-on-Thames: Taylor & Francis.

[14]   Florou, A., Morricone, S., & Pope, P. (2019). Proactive Financial Reporting Enforcement: Audit Fees and Financial Reporting Quality Effects. The Accounting Review, 95, 167-197.

[15]   Funnell, W., Wade, M., & Jupe, R. (2016). Stakeholder Perceptions of Performance Audit Credibility. Accounting and Business Research, 46, 601-619.

[16]   Giraud, M. (2019). L’expert-comptable, au coeur du parcours de l’entrepreneur. EntrePreneur nbr 8, SFC Group’s quarterly newsletter.

[17]   Grebe, L. (2016). The Transformation of Chartered Accountants as Strategy Practitioners. 39th International Business Research Conference, Tokyo, Japan.

[18]   Kolb, V. (2019). 7 bonnes raisons de faire appel à un expert-comptable.

[19]   Langdon, R. (2016). Understanding the 7 Major Audit Phases.

[20]   Lecerf, O. (1991). Au risque de gagner—Le métier de dirigeant (p. 252).

[21]   Madison, G. (2019). Roles & Responsibilities of External Audit Firms.

[22]   Makarenko, I., & Plastun, A. (2017). The Role of Accounting in Sustainable Development. Accounting and Financial Control, 1, 4-12.

[23]   Ngwakwe, C. (2011). Towards an Understanding of the Influence of Sustainability Culture on the Accounting Profession. International Journal of Sustainable Development and World Ecology, 18, 442-452.

[24]   Orzolek, D. (2012). The Call for Accountability. Journal of Music Teacher Education, 22, 3-6.

[25]   Qualtrics (2019). Determining Sample Size: How to Ensure You Get the Correct Sample Size.

[26]   Quick, R., & Henrizi, P. (2018). Experimental Evidence on External Auditor Reliance on the Internal Audit. Review of Managerial Science, 13, 1143-1176.

[27]   Sawers, D., & Whiting, R. (2020). Chartered Accountants: Key Players in Business Succession Planning? SEAANZ Conference, Wellington, New Zealand.

[28]   Shygun, M. (2019). Conceptual Changes in Accounting under the Influence of Sustainable Business Development. Fìnansi Ukraïni, 82-98.

[29]   Turpen, R., & Dyer, H. (2015). Working with External Auditors: A Successful Relationship between Internal and External Auditors Depends on Collaboration and Open Communication to Achieve the Shared Goal of Effective Audit Service. Internal Auditor, 72, 17.

[30]   Vlasova, M., Pimenova, A., Kuzmina, S., & Morozova, N. (2016). Tools for Company’s Sustainable Economic Growth. Procedia Engineering, 165, 1118-1124.