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Register a new userThe Extent of Auditors’ Response to Assessed Risks of Material Misstatement Due to Fraud (Field Study)
مدى استجابة مدققي الحسابات للمخاطر المُقيمة للأخطاء الجوهرية الناجمة عن الاحتيال (دراسة ميدانية)
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هدفت هذه الدراسة إلى التعرف على مدى استجابة مدققي الحسابات للمخاطر المُقيمة للأخطاء الجوهرية الناجمة عن الاحتيال. و لتحقيق هدف الدراسة تم تطوير استبانة اشتملت على إجراءات التدقيق المُصممة كاستجابات للمخاطر المُقيمة للأخطاء الجوهرية الناجمة عن الاحتيال و المُصنفة بموجب معايير التدقيق الدولية إلى مجموعتين رئيستين هما استجابات كلية عند مستوى البيانات المالية، و أخرى عند مستوى الإثبات؛ و ذلك للتعرّف على مدى استجابة مدققي الحسابات لتلك المخاطر ضمن مجتمع البحث المُتمثل في مدققي الحسابات المُعتمدين لدى هيئة الأوراق و الأسواق المالية السورية.
The study aimed to identify the extent of auditors’ response to assessed risks of material misstatement due to fraud. To achieve the study objective a questionnaire was developed that included the most important audit procedures designed as responses to assessed risks of material misstatement due to fraud which are classified according to the International Auditing Standards into two main groups: overall responses at financial statement level, and other ones at assertion level; to identify the extent of auditors’ response to those risks within the research community represented by accredited auditors at Syrian Commission on Financial Markets and Securities (SCFMS).
References used
ALVIN, A. and RANDAL, E. and MARK, B. 2014- Auditing and assurance services: an integrated approach, Pearson Education, Inc., 15th Ed., USA, 842p
AICPA, American Institute of Certified Public Accountants. 2012- Performing Audit Procedures in Responses to Assessed Risks, Statement on Auditing Standards No. 122, New York, NY: USA
BLAY. A. D. and SNEATHEN, L. D. and KIZIRIAN, T. 2007- The Effect of Fraud and Going-Concern Risk on Auditors Assessments of the Risk of Material Misstatement and Resulting Audit Procedures, International Journal of Auditing, Vol.11, No.3, 149-163
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This study aimed to identify the extent of auditors’ commitment by assessment
risks of material misstatements at financial statement level. To achieve the study objective
a questionnaire was developed that included sub-components of the risks of ma
terial
misstatements at financial statements level represented by Inherent Risks (IR) and Control
Risks (CR); to identify the extent of auditors’ commitment by assessment risks of material
misstatements at financial statement level within the research community represented by
accredited auditors at Syrian Commission on Financial Markets and Securities (SCFMS).
The questionnaires were distributed to a sample of accredited auditors, and then the results
were analyzed and the hypotheses were checked using Statistical Package for Social
Sciences (SPSS) -version No. 21.
The study concluded that there is a high commitment to assess Control Risks (CR) at
financial statement level, while having a moderate commitment to assess Inherent Risks
(IR) at financial statement level.
This study aimed to identify the most important financial analysis
methods used by auditors when their appreciation to the entity's
ability to continue, as well as highlighting the obstacles that prevent
auditors from using advanced financial analysis methods to
estimate the ability of the entity to continue.
After the collapse of major international companies, the attention has been increased
to provide appropriate mechanisms to reduce the causes of these collapses. Some of
these causes were related to fraud in financial reporting. One of the used
mec
hanisms is the audit committee which plays the role of supervisor in the
companies.
The objective of this research is to study the role of audit committees in reducing
fraud in the Syrian public companies, and to achieve this goal, the researcher has
prepared questionnaire which has been distributed to some members of audit
committees in the Syrian public companies and some external auditors, the
questionnaire has included audit committees’ characteristics and their tasks which
would reduce fraud. The researcher has found that audit committees’ characteristics
and their tasks reduce fraud according to the research samples.
This study aims to determine the extent of Syrian auditors' interest
in auditing tax compliance when they are applying both the
international auditing standard No. 250 which related to the
responsibility of the auditor in relation to fraud, includ
ing the
declare for tax fraud and the international auditing standard No. 240
which related to the responsibility of the auditor concerning the
obligation to laws and regulations, including tax laws and
regulations the taxes in the Syrian joint stock companies and follow
the procedures provided for in both standards in the audit process.
The auditing profession is held to be important in society, due to the various services
it provides for many parties ,through the vocational technical and neutral report of the
external auditor of concerned financial data.
Therefore ,he will be re
sponsible towards those parties legally, professionally and
morally ,and must act in accordance with professional work level (standards),and the rules
and ethics of professional conduct.
In Syria ,the checker works in the field of accounting and auditing ,according to Act
no./33/ of 2009,issued by auditing and accounting council .The research aims to show the
extent of the use of auditors in Syria of the international auditing standard no./570/related
to the continuity of the establishment in its work ,and the presence of essential doubt in its
capacity to continue and the suitability of these indicators with specified indicators in the
above cited standard.
This research work also aims to identify the additional audit procedures followed by
the auditors in the event of the presence of certain circumstances that may affect the
continuity of the business, and the suitability of these specific actions mentioned in the
standard.
The research found that the most important indicators that help auditors assess the
continuity of the establishment, in case there is significant doubt about the ability of the
establishment under consideration to continue, are as follows: the presence of frequent
financial losses, an increase in current liabilities to current assets, delayed distribution of
profits for a number of years. Thus, The most important additional audit procedures carried
out by the auditors will be the analysis and discussion of cash flow and profits with the
management.
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