Proceedings of 2nd International Multi-Disciplinary Conference Theme: Integrated Sciences and Technologies, IMDC-IST 2021, 7-9 September 2021, Sakarya, Turkey

Research Article

Analytical Procedures and Their Impact on Reducing Audit Risks in the Auditor's Report

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  • @INPROCEEDINGS{10.4108/eai.7-9-2021.2315296,
        author={Sawsan Fadel jassim and Alaa Fareed Abdulahad},
        title={Analytical Procedures and Their Impact on Reducing Audit  Risks in the Auditor's Report},
        proceedings={Proceedings of 2nd International Multi-Disciplinary Conference Theme: Integrated Sciences and Technologies, IMDC-IST 2021, 7-9 September 2021, Sakarya, Turkey},
        publisher={EAI},
        proceedings_a={IMDC-IST},
        year={2022},
        month={1},
        keywords={audit analytical procedures risk basra},
        doi={10.4108/eai.7-9-2021.2315296}
    }
    
  • Sawsan Fadel jassim
    Alaa Fareed Abdulahad
    Year: 2022
    Analytical Procedures and Their Impact on Reducing Audit Risks in the Auditor's Report
    IMDC-IST
    EAI
    DOI: 10.4108/eai.7-9-2021.2315296
Sawsan Fadel jassim1,*, Alaa Fareed Abdulahad2
  • 1: Faculty of Graduate Studies , Southern Technical University , Basra , Iraq
  • 2: Management Technical College, Southern Technical University, Basra, Iraq
*Contact email: sawsan.alansary@fgs.stu.edu.iq

Abstract

The research aims to identify the concept of analytical procedures in the audit process, and the impact of their various uses in reducing audit risks in the auditor's report. The research sample was represented by a group of auditors ’reports for a number of mixed and private joint stock companies listed in the Iraqi Securities Commission . In its practical and applied side, the study found that the diversity in the use of analytical procedures contributes to reducing the audit risk in the auditor's report, by increasing the confidence of the beneficiaries of the financial statements that they are free from the risks of discovering fundamental misstatements that affect the fairness of presenting that data. Where the use of different analytical procedures reduces the various risks to which the financial statements are exposed and enhances the honesty and fairness of their presentation.