مشكلات التدقيق على المخصصات والاصول المحتملة والالتزامات المحتممة في الشركات الاردنية Problems of Auditing Provisions, Contingent Assets and Contingent Liabilities in Jordanian Companies

الشوابكة, زيد أحمد (2014) مشكلات التدقيق على المخصصات والاصول المحتملة والالتزامات المحتممة في الشركات الاردنية Problems of Auditing Provisions, Contingent Assets and Contingent Liabilities in Jordanian Companies. Masters thesis, جامعة الشرق الاوسط.

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Abstract

This study aimed to discover the extent of compliance of external auditors with audit procedures required by the International Standard of Auditing no.540 (ISA540) in the audit of provisions, contingent assets and contingent liabilities, as well as their compliance with audit procedures of ISA540 with respect to problems proposed in the areas of audit provisions, contingent assets and contingent liabilities in Jordanian companies, as well as the recognition of the proposed problems as actual problems. To achieve this goal, a questionnaire was distributed to the study sample which consisted of (181) external auditors from (18) audit firms of medium and large sizes. To analyze the data gathered, the researcher used statistical techniques including arithmetic means, standard deviations, one-sample ttest, Kruskal-Wallis and Mann-Whitney tests. The results showed that the external auditors comply with the requirements of ISA540 and that the proposed problems probably do not limit this compliance to a high extent. However, the results show a concern that the level of compliance with the requirements of ISA540 regarding provisions, contingent assets and contingent liabilities was limited, despite the apparent lack of severe problem facing that compliance. ‌ط Finally, personal backgrounds of participants in the study generally did not have a significant effect on their responses. The study proposed a range of recommendations, including holding specialized courses in the field of application of International Standards on Auditing, and the emphasis on its importance in the audit of accounting estimates and specifically provisions, contingent assets and contingent liabilities to reduce possibilities of errors and financial fraud in the financial statements.

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