Dr. Samer H. Alssabagh
Accounting Department, Tishk International University, Erbil, Iraq.
Email: [email protected]
DOI: 10.23918/ICABEP2019p30
(Full Paper)

This paper aims to identify the most frequently fraud risk factors used that affect audit program plan in Kurdistan Region/Iraq. The perceptions of both international and local external auditors have been investigated. In general, it was found that the respondents are more interested in assessing fraud risk factors related to misappropriation of assets compared to ones related to fraudulent financial reporting. The results indicate a positive and significant effect of each of fraud risk factors related to fraudulent financial reporting that resulted from incentives/pressures and attitudes/rationalization and fraud risk factors related to misappropriation of assets that resulted from attitudes/rationalization on nature, extent and timing of planned audit procedures. Nevertheless, the other fraud risk factors, in the study model, do not show any significant effect on audit program plan. The findings of this paper make a contribution to the existing literature in the area of fraud risk assessment and its effect on planning audit programs in the eastern developing countries such as Kurdistan Region/Iraq.

Keywords: Fraud Risk Factors, Audit Program Plan, Kurdistan Region/Iraq.

International Conference on Accounting, Business, Economics and Politics

ISBN: 978-9922-9036-3-7