The Impact of Joint Audit on Fraud Detection in Financial Statements From the Point of View of Auditors

Abstract

This study aimed to identify the application of joint audits to the detection of fraud in financial statements as well as the impact of joint audits on the detection of fraud in financial statements from the point of view of Jordanian auditors. The study focused on investigating the impact of joint audits of the procedures of understanding management and the board of directors, as well as examining the relationship with the relevant parties, the company and financial industry, financial results and operational characteristics in order to identify the impact of joint audits on detecting fraud in financial statements through these procedures. Results indicate that there is no statistically significant impact of joint audits on the detection of fraud in the financial statements at the level of (5%) for all fraud detecting procedures in the financial statements. The study recommends not adopting or applying joint audit.