The Challenges That Face the Auditors in Palestine when measuring using Fair Value A Field Study in the West Bank
Journal Title: مجلة الزرقاء للبحوث والدراسات الإنسانية - Year 2019, Vol 19, Issue 1
Abstract
This study aims to identify the most important challenges that face auditors in measuring fair value (FVMs) from three dimensions. First;, Identify the most critical challenges for auditors, second; Disclose the effect of inherited audit risks on fair value estimates.Finally, discussing the reliability of the audit evidence related to fair value and to emphasize that the disclosed and recognized fair values are guiding values. The field study was applied to a sample of external auditors in the West Bank - Palestine. The researcher used the descriptive analytical method in the field side, in addition to using the inductive method to test the study hypothesis. The results showed that the biggest challenge that faces the auditor in auditing fair value estimation is the lack of access to the latest amendments of the International Accounting Standards for the fair value accounting estimations. The results also confirmed the impact of the audit risks on fair value estimates and their measurement at higher rates in many cases (absence of active markets, significant distortions, differences in fair value measurement, and lack of specialized experts). In addition, the study showed that there is a lack of audit evidence of reliability.
Authors and Affiliations
Abdul -Fattah Sartawi, Nafee assaf, Adel Hssan
Keywords
Related Articles
- EP ID EP656956
- DOI -
- Views 107
- Downloads 0
The Impact of Investment Portfolio Attractiveness on Commercial Banks Profitability “Empirical Study On The Jordanian Commercial Banks from 2012-2014"
This study aims to demonstrate the impact of investment portfolio attracriveness on commercial banks Profitability. The study sample consists of Jordanian commercial banks (13 Bank) for the period between 2012-2014; it r...
Islamic Literature in the Poetry of Waziri Junaid
The article discusses the importance of Islamic literature, its functions in human societies, part of it dwell on stages and periods in which Nigerian Islamic literature underwent before it stables and dependable literat...
Dynamic and Causal Relationship Between the Monetary Mass, the Exchange Rate and Inflation in Algeria During (1990-2014)
The importance of studying the dynamic relationship between money supply, exchange rate and inflation has a great impact on the macroeconomic balance of any country. The study is tackled in two ways: The theoretical aspe...
The Sid Effect of Tourism Icons: Petra/Jordan as a Case Study
Tourism in Jordan is based on cultural assets limited to a few historical and religious locations. Over time, general impressions about specific touristic sites were firmly established as “touristic icons”. This has lead...
A Field Credibility between Opinion and Truth in Press Coverage and Its Relation to Responsible Media A Study of the Credibility of AL-Rai and AL- Arabalyam Newspapers from the point of view of Jordanian Readers
The current study aims to reveal the levels of credibility of Alrai and Alarabalyawm newspapers from the perspective of the Jordanian readers, and determine their perceptions trend size of contradiction in the reports pu...