Audit regulation and its relevance for audit quality in Namibia

Background: Corporate scandals have resulted in decreasing levels of confidence the audit profession so that quality is under finer scrutiny. Aim: This article has explored role external regulation Namibia plays ensuring its financial statement audits. Setting: The opinions and experts were examined. Method: A mixed-method approach, grounded an interpretive epistemology, was employed. correspondence table developed, using current literature. on effect regulations then sought, analysis interviews. Results: primary themes from a regulatory perspective are maintaining independence consulting complex matters, employment competent members engagement team culture quality, driven by firm leadership. It further revealed administrative functions play vital contributing to audit. Conclusion: conceptual model, linking presented. Independence considered cornerstone profession, while relevant independence. Regulators may consider introducing measures such as rotation firms or disclosure tenure annual statements. Contribution: first research kind Namibia. helpful regulators practitioners because it allows them gain better understanding whether adequately enhance instead being perceived ‘tick-box’ exercise.