Taher Davari; Mohammad Nazaripour
Volume 1, Issue 2 , September 2015, , Pages 41-54
Abstract
Audit risk is the inability of an auditor in discovering errors or intentional miscalculations (i.e. fraud) while reviewing a company's or individual's financial statements. Since the main priority of shareholders is to obtain reasonable assurance that the financial statements not misleading therefore, ...
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Audit risk is the inability of an auditor in discovering errors or intentional miscalculations (i.e. fraud) while reviewing a company's or individual's financial statements. Since the main priority of shareholders is to obtain reasonable assurance that the financial statements not misleading therefore, to reduce audit risk to a minimum possible level can be considered one of the top priorities of each audit. This research attempts to study the attitudes of Iranian professional auditors toward the audit risk. Population was certified public accountants who are employment in Iranian audit organization, Iranian Association of Certified Public Accountants (IACPA), private auditors and academic members. Using Cochran's formula, 89 persons were selected as sample. In order to gather data questionnaire were used. Chi-square test at 95% was used to test the research hypotheses. According to the research findings, respondents' level of knowledge and experience in the field of risk-based audit is the appropriate level. Also, the research findings show genetic components (sex and gender) and social components (education, place of employment and work experience) have not meaningful effects on respondents' level of knowledge regarding risk-based audit.
