International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

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 Volume 7, Issue 7 (July 2020), Pages: 119-125

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 Original Research Paper

 Title: Contemporary trends in external auditing and its role in reducing audit risks-A field study of external auditing offices in Sudan

 Author(s): Anass Hamad Elneel Adow 1, *, Assad Mubarak Hussien 2

 Affiliation(s):

 1College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia
 2College of Business Administration, Prince Sattam Bin Abdulaziz University, Hotat Bani Tamim, Saudi Arabia

  Full Text - PDF          XML

 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0002-0280-3726

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2020.07.015

 Abstract:

This study aims to evaluate the impact of industrial specialization of the external auditors, analytical review, and continuous review process on the underlying audit risks. The external audit firms placed in Khartoum city of Sudan were taken as the population of the research, and from this, a sample of 40 external auditors was selected randomly. A questionnaire was floated to all selected samples and was returned 100% valid to be incorporated in the research. SPSS software was used to evaluate the measures by using simple linear regression analysis. Scale reliability was tested by using Cronbach alpha test and found its value as 0.806 for the overall scale. The findings indicated that all the independent variables, such as industrial specialization of the external auditors, analytical review, and continuous review, help to reduce the audit risk by 10%, 23%, and 13%, respectively. In view of these findings, it is recommended that external auditors must take part in training and development activities in order to abreast of these requirements. Likewise, the clients are also advised to emphasize the industrial specialization of the external auditor while focusing on analytical review as well as continuous review. 

 © 2020 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: Industrial specialization, External auditor, Analytical review, Continuous review

 Article History: Received 7 January 2020, Received in revised form 18 April 2020, Accepted 26 April 2020

 Acknowledgment:

This publication was supported by Deanship of Scientific Research, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia.

 Compliance with ethical standards

 Conflict of interest: The authors declare that they have no conflict of interest.

 Citation:

 Adow AHE and Mubarak Hussien A (2020). Contemporary trends in external auditing and its role in reducing audit risks-A field study of external auditing offices in Sudan. International Journal of Advanced and Applied Sciences, 7(7): 119-125

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 Tables

 Table 1 Table 2 Table 3 Table 4

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