A Comparison of Risk-Based and Traditional Auditing and their Effect on the Quality of Audit Reports
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2013, Vol 4, Issue 8
Abstract
The purpose of the present research was to compare risk-based and traditional auditing and their effect on the quality of audit reports. The sample consisted of 80 senior managers, supervisors, and auditors of Iran’s Audit Organization. A questionnaire rated on the 5-point Likert scale was used to assess the participants’ view on 4 subscales: validity, quality, reliability, and closeness to reality. The results of t-test showed that risk-based auditing creates significantly more valid and more reliable audit reports than traditional auditing. Also it was shown that risk-based auditing is not closer to reality than traditional auditing. It can thus be concluded that risk-based auditing can gain the trust and confidence of the users of audit reports.
Authors and Affiliations
Mahmoud Hematfar| Department of Accounting, Borujerd Branch, Islamic Azad University, Borujerd, Iran, Mohsen Hemmati| Department of Accounting, Borujerd Branch, Islamic Azad University, Borujerd, Iran
Keywords
Related Articles
- EP ID EP5579
- DOI -
- Views 411
- Downloads 25
Considering the relationship of performance of educational teachers with moral and social development of high school students in academic year 2011-2012
This research was implemented to consider the relationship of performance among school educators with ethical and social development of high school students at district 1 and 2 in Rasht during the academic year 2011-2012...
Evaluation of sowing date effect on hybrid rice lines production in dry-bed of Khuzestan
In order to evaluate the response to planting date in rice hybrids Line dry method of working, was carried out an experiment in a randomized complete block design with three replications at the Agricultural Research Stat...
Study of factors affecting the export and its legal barriers
The purpose of this study is to investigate the barriers and problems that are gripped to producers and exporters in exporting, and examines those cases in different economic sectors and in different countries. Based on...
Impact assessmentof mindfulness techniques education on anxiety and sports performance in Badminton players Isfahan
This study examined the effectiveness of mass consciousness on anxiety and sports performance training techniques Badminton players. The study sample consisted Badminton players of all adults in the Isfahan province of p...
First Report of Tomato Spotted Wilt Virus on Tobacco, Eggplant and Some Weeds in Syria
During spring and summer of 2013, a survey was carried out to investigate the presence of Tomato spotted wilt virus (TSWV, genus Tospovirus, family Bunyaviridae) in 389 tobacco samples, 72 eggplant samples, and weed samp...