Economics and Finance

Auditing and Its Role in Reducing Misstatements and Fraud in Financial Statements: A Field Study Applied to a Sample of Internal and External Auditors Working in Accounting and Audit Firms in South Lebanon

Economics and Finance
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Authors

Name: Dr. / Oussama Tawfiq Mouchaimeche | Country: Lebanese Republic
Department / Fine Specialization: Business Administration
Institution / University: University Lecturer in Business Administration Faculties in Lebanon
📧 Oussama.m.72@hotmail.com 0009-0003-3393-0386

Abstract

This study was keen to investigate the role of auditors in reducing cases of distortion and fraud in financial statements in the Southern Lebanese Governorate. To achieve this goal, the study adopted the descriptive analytical approach based on the comprehensive inventory method for the study community consisting of (58) auditors, distributed between (50) internal auditors and (8) external auditors, where the data was collected through a questionnaire prepared as a basic research tool and the response rate reached 100%. Then, the data was processed statistically using the (SPSS) program, where the results revealed the existence of a positive, statistically significant relationship between the auditor’s commitment to implementing procedures for estimating the level of distortion and fraud and his application of professional measures when evidence of them appears. In addition to the impact of his awareness of his professional and legal responsibilities, which necessitated recommending the necessity of strict adherence to international auditing standards, and exerting due professional efforts while being vigilant against complex fraud methods to ensure that financial manipulations are detected effectively.
Keywords: Auditors, assessment of misrepresentation risks, investigation and verification procedures, professional and legal responsibility, misrepresentation and fraud in financial statements.
Research Language: Arabic
How to cite:
ElQarar Journal for Peer-Reviewed Scientific Research, Vol. 9, Issue 27, Year (3), pp. 372-398.
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⚖️ Conflict of Interest:

The author/authors declare no conflict of interest regarding the publication of this research.

💰 Funding:

This study did not receive any financial support or grant from any public, private, or non-profit entity.

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