Sayed Mahmoud Mousavi Shiri; Mahdieh Yazdani; Mahin Mirzaee
Abstract
The aim of this paper is to exam Auditors’ Performance in fraud brainstorming sessions. The audit team needs some discussion and dialogue sessions to discuss how and when the financial statements of an entity can be susceptible to significant financial misstatement due to fraud or error .In this ...
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The aim of this paper is to exam Auditors’ Performance in fraud brainstorming sessions. The audit team needs some discussion and dialogue sessions to discuss how and when the financial statements of an entity can be susceptible to significant financial misstatement due to fraud or error .In this study, we refer to paragraph 19 of Auditing Standard 240; evaluate the effect of brainstorming sessions in the performance of auditors, in discovering the fraud. For gathering of data one scenario was provided and distributed between 216 people of administrators and auditors working in the public audit firms of Certified Public Accountants that divided to four groups. The responds of Nominal Group Technique and interactive Groups for fraud risk factors, Quality of Fraud Hypothesis were compared. The methods used to test hypotheses were independent t-test and continual multivariate. Overall, our results show that nominal teams outperform interacting teams. We also provide evidence that social loafing there are in interacting teams.
Masoud Taheri; naser izadinia; Rozita Moayedfar
Abstract
The design of the audit program so that it can be used to adequately respond the fraud risk is one of the most important activities that auditors do in their investigations. Paying attention to the most important dimensions and risk factors of fraud can help auditors in this process. In this regard, ...
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The design of the audit program so that it can be used to adequately respond the fraud risk is one of the most important activities that auditors do in their investigations. Paying attention to the most important dimensions and risk factors of fraud can help auditors in this process. In this regard, in this research, the importance of the dimensions and risk factors of fraud in the adjustment of the audit program has been investigated. For this purpose, the fraud Pentagon model has been used. This model includes five dimensions of pressure/motivation, opportunity, rationalization, capability and arrogance. In order to conduct this research, four fraud risk factors were selected by expert opinion for each of the five fraud dimensions. A questionnaire was used to collect data. The statistical population of the study is Iranian association of certified public accountants in year 2018. After distributing and collecting questionnaires, the Fuzzy Analytical Hierarchy Process (FAHP) method was used to rank the dimensions and risk factors of fraud. The results show that opportunity dimension and fraud risk factors including significant portions of managers’ compensation being contingent upon operating results, financial position, or cash flow, ineffective information, accounting and internal controls systems, restrictions on the auditors’ investigation, level of experience and overconfidence have the highest degree of importance in modifying the audit program