Open AccessExternal auditor responsibility in detecting errors and frauds under international audit standards
Author(s) -
Amina BOUFARH
Publication year - 2020
Publication title -
journal of finance and corporate governance
Language(s) - English
Resource type - Journals
eISSN - 2602-5655
pISSN - 2661-7501
DOI - 10.54960/jfcg.v4i2.54
Subject(s) - audit , accounting , business , external auditor , auditor's report , compliance (psychology) , inherent risk (accounting) , audit substantive test , auditor independence , actuarial science , psychology , internal audit , joint audit , social psychology
This study aims to demonstrate the responsibilities of the external auditor with regard to illegal behavior in the financial statements by assessing the auditors' compliance with their professional responsibility and the ability to detect the risks of fraud and identify the factors leading to the disclosure by auditors. The study concluded that the external auditor is not legally responsible for detecting fraud, but should exercise caution when examining the financial statements for misstatements, as he should express an opinion. more transparent and credible on the validity of financial statements