أثر جودة المراجعة في جودة الأرباح، و انعكاسها على التوزيعات النقدية في الشركات الصناعية المساهمة المصرية

This study aims at exploring the relationship between the external auditing quality and earnings quality and then determine the impact of earnings quality on cash dividends in Egypt. The study used the model of Richardson & Sloan to measure the quality of earnings, also used payout ratio which equal the ratio of dividends / net income to measure the distribution of cash dividends. The study sample included fifty companies from the industrial Egyptian corporations during the period from 2005-2009. The study relied on two models; model one to measure the relationship between the characteristics of external auditing quality as independent variables and earnings quality as depended variable, model two to measure the relationship between the earnings quality as independent variable and payout ratio as depended variable. The study used multiple regression analysis to study the first model, and simple regression analysis to study the second model. The study concluded that there was a positive impact on the quality of earning and hence reducing the total accruals for each of the audit fees, audits firm size, the relationship with international audit firms, and auditor’s qualifications, and there was negative impact on earnings quality for client retention period. On the other hand the study concluded that there was a positive impact on payout ratio for earnings quality at the industrial corporations listed at Egyptian exchange. Finally, the study recommended the need to encourage Egyptian auditing firms to make relationships with international audit firms, the importance of training and motivating auditors to gain professional certificates, in view of their positive impact in raising the quality of auditing firms. KEYWORDS: External Auditing Quality, Earnings Quality, Cash Didvidends, Industrial Egyptian corporations.