The Investigation on Relationship between Auditors' Professional Maturity and Their Perception of Auditee Risks

Subject Areas : Management Accounting

زهره حاجیها ¹ (ندارد)

Received: 2011-05-21 Accepted : 2011-07-06 Published : 2011-09-23

Keywords: Auditor' professional maturity, Audit risk, Inherent risk and Control risk,

Abstract :

The judgment on risks in audit environment is central task of independentauditors. This judgment influences directly on all processes of an audit. However, thecharacteristics of judging person may affect judgment. Hence, the objective of thisresearch is investigation of correlations between affecting factors of professionalmaturity of independent auditors and auditee risks. To do this objective, by aquestionnaire importance degree of 58 affecting factor of each of audit risk, inherentrisk and control risk was measured. Professional maturity factors of auditors include 8measures of age, education, academic field, experience as independent auditor,experience as audit manager or partner, experience as internal auditor and accountantand professional and academic association memberships. The finding indicates thataudit risk is correlated with experience as independent auditor, experience as auditmanager or partner, education and academic field. Inherent risk is correlated withexperience as independent auditor, experience as audit manager or partner, andacademic field. Control risk is correlated with experience as internal auditor andaccountant, academic field and professional and academic association memberships.The research results could be helpful to parties in equity market as well as standardsetters to investigate independent auditors' characteristics in their decisions.