Measuring the Impact of Applying Joint Audit on Company Value: Practical Evidence from the Egyptian Business Environment

 Research Objective: This research aims at empirically scrutinizing the positive/negative impacts of joint auditing on the firm's value, which comprise; its definitions, its activation mechanisms, and investigating its application's influence on the firm’s value.
Research Methodology: This research depends on Content Analysis as a research strategy so as to analyze the annual and audit reports for a sample of 34 companies listed on the Egyptian Stock Exchange (EGX 100 index) during the period from 2010 - 2017 with the purpose of creating a model for assessing the impact of the joint audit on the Firm’s value. Besides, the researcher also has conducted a field study on a sample of (25) staff members who are specialized in auditing field, (40) external auditors, and (23) investors. To test the hypotheses and analyze the consequences, the research has used SPSS program.
Results and Recommendations: The outcomes found out that the Joint Audit has positive and negative effects on the audit profession along with its practitioners in the Egyptian business environment. In addition, there is also a significant correlation between the Joint Audit and the firm's value. Based on that, the research concludes numerous recommendations; (1) the concerned bodies of auditing profession should adopt issuing a particular standard for Joint Audit, (2) such innovative standard should embrace the theoretical framework of Joint Audit, its application procedures, and mechanisms that should be pursued from the audit firms and auditors, and (3) the Egyptian Financial Supervisory Authority (EFSA) should provide the corporate governance list with a certain article for Joint Auditing which will be obligated for all firms whose shares are traded on the Stock Exchange. 
Originality and Contribution: The research is considered one of the first studies that addressed the influence of Joint Auditing on the Firm’s value in the Arab business environment in general and the Egyptian business environment in particular. The Current study may contribute to the accounting literature through analyzing the relationship between Joint Auditing and the Firm’s value, which may assist future reviewers in establishing a particular standard for Joint Auditing.