The extent of the use of the external auditor for ISA /570/ / Field Study In The Syrian Environment /


Abstract in English

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 responsible 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.

References used

Socol, A. Significant Doubt About The Going Concern Assumption In Audit . Annales Universitatis Apulensis Series Oeconomica, 12(1),291-299,2010
Haron, H. Hartadi, B. Ansari, M, and Ismail, I (2009). Factors Influencing Auditor’s Going Concern Opinion. Asian Academy of Management Journal. Vol 14(1),1-19
International Standard on Auditing (ISA), No. 570, 2003

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