Professional Efficiency Requirements for Auditors in Accordance with the Eighth International Accounting Education Standard “A field Study at Auditing Companies in Iraq”

  • Basimah F. Al-Naeemi Department of Management and Accounting, Faculty of Humanities and Social Sciences, University of Koya, Kurdistan Region - Iraq.
Keywords: Professionalism, the Eighth International Standard for Accounting Education, the International Accounting Education Standards Board, Requirements of Professionalism

Abstract

The subject of audit quality has been taking inconsideration from many organizations and professional accounting associations, along with seeking research and writing efforts by researchers. The subject of quality of external auditor while has not received such interest. However, the International Federation of Accountants representing by the International Standards Board for Accounting Education activates a special and pioneer role when they issued the eighth international standard for accounting education "Professional Competence for Engagement Partners Responsible for Audits of Financial Statements" that was implemented starting from the second half of 2016. This study dealt with the subject of accounting education in terms of its importance, the most prominent international accounting organizations concerned with accounting education and the International Accounting Standards for Accounting Education along with an emphasis on the eighth international standard of accounting education in terms of its origins, development, its components, and the scope of its application as well as the concept of professional efficiency, its requirements, the way to evaluate, and finally explore the possibility of applying this standard to the auditors who work as partners in the accounting firms (Limited Liability Partnership) in Iraq by testing the hypothesis of this study through a field study.

References

المصادر باللغة العربية:

أرينز، ألفين، ولوبك، جيمس، (2008)، المراجعة: مدخل متكامل، ترجمة د.محمد الديسطي، دار المريخ للنشر، الرياض.

الرويتع، سعد بن صالح، (2002)، "أهمية التعليم المهني المستمر للمحاسب القانوني"، مجلة الإدارة العامة، المجلد 41، العدد 4، الرياض.

القاضي، حسين، وحمدان، مأمون، (2000)، المحاسبة الدولية، الدار العلمية الدولية، عمان.

النعيمي، باسمة فالح، (2016)، "واقع استمرار التعليم المحاسبي المهني في إقليم كوردستان/ العراق وسبل النهوض به- دراسة ميدانية في مكاتب مراقبة وتدقيق الحسابات"، مجلة جامعة التنمية البشرية، المجلد 2، العدد 2(حزيران)، السليمانية.

جريدة الوقائع العراقية، العدد 4290 في 16/9/2013، نظام رقم (3) لسنة 2013 – التعديل الثاني لنظام ممارسة مهنة مراقبة وتدقيق الحسابات رقم (3) لسنة 1999.

جريدة الوقائع العراقية، العدد 4223 في 19/12/2011، نظام رقم (3) لسنة 2013 – التعديل الأول لنظام ممارسة مهنة مراقبة وتدقيق الحسابات رقم (3) لسنة 1999.

جريدة الوقائع العراقية، العدد 3807 في 3/1/2000، نظام ممارسة مهنة مراقبة وتدقيق الحسابات رقم (3) لسنة 1999.

نقابة المحاسبين والمدققين العراقيين، (1983)، قواعد السلوك المهني، بغداد.

يحيى، زياد هاشم، (2002)، " واقع التعليم المحاسبي في العراق ومتطلبات تطويره"، المؤتمر القطري للمحاسبة والعلوم المالية،كلية الإدارة والاقتصاد، جامعة الموصل.

المصادر باللغة الأجنبية:

Abbasi, Nishat, (2013), "Competency Approach to Accounting Education: A Global View", Journal of Finance and Accountancy, July, Vol. 13.

AICPA, (2016), Code of Professional Conduct, AICPA, Inc., N.Y.

AICPA, (2006), Generally Accepted Auditing Standards, Available at: www.aicpa.org/Research/Standards/Audittest/AU-00150.pdf.

Arens, Alvin A., Elder, Randal J., & Beasley, Mark, (2010), Auditing and Assurance Services: An Integrated Approach, 13th. ed., Pearson Education, Inc., N.J.

Banta, Trudy W., & Palomba, Catherine A., (2015), Assessment Essentials: Planning, Implementing, and Improving Assessment in Higher Education, 2nd. ed., John Wiley & Sons, Inc.

Behn,B., Ezzell, W.F., Murphy, L.A., Rayburn, J.D., Stith, M.T., & Strawser, J.R., (2012) , " The Pathways Commission on Accounting Higher Education: Charting a National Strategy for the Next Generation of Accountants", Issues in Accounting Education, August, Vol.27, No.3.

Carwford, L., Helliar, C., Monk, E., & Veneziani, M.," International Accounting Education Standards Board: Organisational legitimacy within the field of professional accountancy education", Accounting Forum 38; Available at: www.elsevier.com/locate/accfor

Education Committee,(2005), Competence Requirements for Audit Professionals: Exposure Draft, IFAC, N.Y.

Flint, D., (1988), Philosophy and Principles of Auditing: An Introduction, MacMillan Education Ltd.

FRC, (2013), Scope and Authority of Audit and Assurance Pronouncements, FRC Ltd., U.K.

IAASB, (2016-2017), Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, Part 1, IFAC, N.Y.

IAESB, (2017), Handbook of International Education Pronouncements, IFAC, N.Y.

IAESB, (2015), Handbook of International Education Pronouncements, IFAC, N.Y.

IAESB, (2014a), Handbook of International Education Pronouncements, IFAC, N.Y.

IAESB, (2014b), Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (Revised), Final Pronouncements, IFAC, N.Y.

IAESB, (2010), Handbook of International Education Pronouncements, IFAC, N.Y.

IAESB, (2009), Handbook of International Education Pronouncements, IFAC, N.Y.

IAESB, (2008), International Education Standards 1-8, IFAC, N.Y.

IESBA, (2016), Handbook of the Code of Ethics for Professional Accountants, IFAC, N.Y.

Ignatowski, R., (2014), "International Education Standards-Establishing the Proficiency of Accounting Professionals", Presentation prepared for STAREP Accounting and Auditing Education Community of Practice Workshop, Kishiney.

Louwers, Timothy J., Ramsay, Robert J., Sinason, David H., Strawser, Jerry, R., & Thibodeau, Jay C., (2013), Auditing & Assurance Services, 5th. ed., McGraw-Hill/Irwin, N.Y.

Robertson, Jack C., & Louwers, Timothy J.,(2002), Auditing and Assurance Services, 10th. ed., McGraw-Hill/Irwin, N.Y.

Sundem, Gray L., & McPeak, David, (2011), "Informing the International Accounting Education Standards Board: A Summary of IAAER/ACCA Research Projects"; Available at: www.iaaer.org/research/summary-of-IAAER/ACCA-Research-to-inform-the-IAESB-March-2011-1-pdf.

Whittington, O.Ray & Pany, Kurt, (2004), Principles of Auditing and other Assurance Services, 14th. ed., McGraw-Hill/Irwin, N.Y.

Published
2018-12-30
How to Cite
Al-Naeemi, B. (2018). Professional Efficiency Requirements for Auditors in Accordance with the Eighth International Accounting Education Standard “A field Study at Auditing Companies in Iraq”. Humanities Journal of University of Zakho, 6(4), 1085-1101. https://doi.org/10.26436/2018.6.4.437
Section
Humanities Journal of University of Zakho