The impact of auditors’ commitment to International Auditing Standard (265) in evaluating and enhancing the internal control system

Abstract

The research aims to demonstrate the importance of compliance with International Auditing Standard 265 by auditors, which is related to informing those charged with governance and management of deficiencies in internal control when auditing the financial statements and its impact in the evaluation of the internal control system. The research community consisted of audit companies and offices, in addition to academic professors. 60 questionnaires were distributed, the number of valid questionnaires for analysis was 55. The research followed the descriptive analytical approach, in addition to using descriptive statistical analysis methods. The research concluded that the internal control system is affected by the scope of the commitment of auditors in local audit offices and companies to apply International Auditing Standard 265. The research recommended that auditors in local audit companies and offices pay more attention to disclosing deficiencies in internal control to those charged with governance and management, and provide more cooperation and understanding of what audit companies and offices provide, which positively affects the evaluation and development of the internal control system.