African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4199

Full Length Research Paper

A study of risk based auditing barriers: Some Iranian evidence

Mahdi Salehi1* and Mohammad Khatiri2
  1Accounting Department, Islamic Azad University, Takestan Branch, Iran. 2Islamic Azad University, Takestan Branch, Iran.
Email: [email protected]

  •  Accepted: 24 February 2011
  •  Published: 18 May 2011

Abstract

 

In developing countries, such as Iran, since risk based auditing would be more benefited through progressive technology and its advantages than the traditional auditing method, auditors need to welcome risk based auditing as a common, as well as a desirable one. The aim of the current study is to find out the main barriers experienced due to risk based auditing in Iran. The results show firstly the individual competency and ability in using statistical methods; secondly, the professional and legislation references effort in selecting risk based auditing standards; thirdly, the timely financial information prepared by accountants; and finally, the auditors training via risk based auditing are the main barriers to the members of Iranian Certified Public Accountants to implementing risk based auditing in Iran.

 

Key words: Auditing, risk based auditing, traditional auditing, Iran.