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Jordan Audit Case Study

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All Cases are Extracts from Academic Papers
Case1: Fraud Risk Factors and Audit Program Modifications: Evidence from Jordan

Introduction
The purpose of this paper is to survey the views of Jordanian auditors about the fraud risk factors that are more important indicators of the possibility of financial statement fraud, and the modifications to audit programmed that are necessary in the presence of each of the selected fraud risk factors. The results are then to be discussed as to whether the characteristics of the Jordanian context may have affected the views of the auditors, and to be compared with the results of the few similar international studies. In doing so, views were surveyed from Jordanian auditors using a questionnaire that asked about the importance of 20 different fraud risk factors, and, for each one, whether its presence would require a change in the amount, nature, or timing of audit procedures, or a change in the assigned audit team by involving more experienced and/or specialized individuals.

Therefore, the main research questions of this …show more content…

This is particularly important for audit firms in developing countries that are members of international audit firms and have to apply a worldwide audit methodology and programs of detailed procedures. The international audit firm should monitor the application of these procedures and continuously educate its audit members around the world as to the importance of fraud risk factors and modifying audit programs as a result. A similar responsibility of monitoring and educating auditors and supervising their performance lies with audit associations and regulatory authorities in Jordan and other developing

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