The extent to which the external auditors in the Kingdom of Saudi Arabia adhere to their professional responsibilities in applying the requirements of international auditing standards related to fraud in financial statements: a field study

Abstract

This study aimed to identify the extent to which the external auditors in the Kingdom of Saudi Arabia are committed to applying the requirements of international auditing standards related to fraud in the financial statements. Descriptive analytical approach used. The questionnaire used as main tool of the study, which was distributed to a random sample of 235 external auditors belonging to external audit offices in the Kingdom of Saudi Arabia. The study concluded that the external auditors in Kingdom of Saudi Arabia are committed to the general responsibilities of independent auditor to carry out the audit process in accordance with the requirements of International Auditing Standard No. 200, and they are committed to their professional responsibilities related to fraud in financial statements in accordance with the requirements of International Auditing Standard No. 240. They also committed to their professional responsibilities in identifying the risks of material misstatement in accordance with the requirements of International Auditing Standard No. 315, and the external auditors in the Kingdom of Saudi Arabia are committed to their professional responsibilities when designing and implementing responses to the risks of material misstatement.