The Importance of Fraud Risk Substrates the Independent Auditors Perspectives

Subject Areas :

Omid  Pourheidari ¹ (دانشیار دانشگاه شهید باهنر کرمان)
Saeed  Bazrafshan ² (دانشجوی کارشناسی ارشد حسابداری دانشگاه شهید باهنر کرمان)

Received: 2015-05-10 Accepted : 2015-05-10 Published : 2011-08-23

Keywords: Fraud Risk Substrates, Fraud, Management Fraud,

Abstract :

The purpose of this study is ranking fraud risk substrates listed in section 24 auditing standards of Iran, according to their importance in detection of management fraud. In this study fraud risk substrates was listed during 61 cases. To perform this study, 460 questionnaires were randomly distributed among members of statistical community (independent auditors), and 316 questionnaire was collected after a week. Results of statistical tests show that there is a significant difference in the 95 percent confidence level among auditor comments to the importance of the fraud risk substrates (except one case). Moreover, according to the obtained results, it is revealed that the most important fraud risk substrate is "being dependent a fair share of managers rights and benefits to the results of operations, financial position or cash flow ". In addition to ranking fraud risk substrates, we examined the relationship between gender, field of study, education and experience of auditors with their thinking about the importance of fraud risk substrates. The results of this study indicate that none of the above cases do not impact on auditors’ opinion in ranking fraud risk substrates.

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