The Extent of Auditors’ Commitment by Assessment Factors of Material Misstatements Risks Due to Fraud (Field Study at Syrian Commission on Financial Markets and Securities)

حسين أحمد دحدوح, سامر هايل الصباغ

Abstract


This study aimed to identify the extent of auditors’ commitment by assessment factors of material misstatements risks due to fraud. To achieve the objective of the study a questionnaire was development that included the fraud risk factors classified according to the International Auditing Standards under the two main groups: factors relevant to fraudulent financial reporting, and others relevant to misappropriation of assets; to identify the extent of auditors’ commitment by assessment those factors 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 test hypotheses using Statistical Package for Social Sciences (SPSS).
The study concluded that there is a moderate commitment to assess factors of material misstatements risks due to fraudulent financial reporting, while having a strong commitment to assess factors of material misstatements risks due to misappropriation of assets. The study recommended accredited auditors at Syrian Commission on Financial Markets and Securities (SCFMS) to give greater attention to assess factors of material misstatements risks due to fraudulent financial reporting which relating to: Incentives and pressures, opportunities, attitudes and rationalizations.

Keywords


Material Misstatements Risks; Fraud; Syrian Commission on Financial Markets and Securities (SCFMS).

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