INTRODUCTION AND TESTING OF THE APPLICATION OF A RISK-BASED MODEL IN OPERATIONAL AUDITING

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

VAKILIFARD H.R.; SALAHINEJAD M.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Management Future Research Year:2010 | Volume:20 | Issue:83 Page(s): 33-54

Download Full-Text

Persian Verion

View:

3,622

Download:

Cites:

Information Journal Paper

Title

INTRODUCTION AND TESTING OF THE APPLICATION OF A RISK-BASED MODEL IN OPERATIONAL AUDITING

Author(s)

VAKILIFARD H.R. | SALAHINEJAD M. | Issue Writer Certificate

Keywords

OPERATIONAL AUDITINGQ3

RISK- BASED AUDITINGQ3

ACCEPTABLE AUDITING RISKQ3

ACCEPTABLE LEVEL OF ASSURANCEQ3

AUDIT EVIDENCEQ3

MATERIALITYQ2

EFFICIENCYQ2

EFFECTIVNESSQ2

ECONOMYQ2

Abstract

The main objective of this dissertation is the introduction of a risk-based model for OPERATIONAL AUDITING and testing its application in solving problems such as amount of fee, verification time allocation and planning of an operational audit engagement. The Government Audit Organization standards on risk concept, evidence and MATERIALITY are applied in the introduced model. The riskbased model, as a tool of planning, assists the auditors in proceeding to an acceptable assurance level.The introduced model is applied in seven audit engagement and collected data from those engagement are compared with 10 audit engagement performed by Audit Organization during 2001 to 2007 and EFFECTIVNESS, EFFICIENCY and ECONOMY of the model is measured. Effectiveness is defined as the accomplished results, EFFICIENCY is defined as the way that results are accomplished and ECONOMY is defined as the reduction of cost of the engagements.This research is qualitative, application oriented and based on constructivism philosophy. The approach of the research is deduction- induction and the strategy of the study is action research. Time horizon of research is longitudal. In order to test the hypothesis, essential data is collected by likert questionnaire and verification evidence of audits files. In this research SPSS NO.13 and Mann-Whitney and Wilcoxon non-parametric tests are used.The results of the study confirms following the hypothesis of the dissertation as follows: Using risk – based model increase the ACCEPTABLE LEVEL OF ASSURANCE, acceptable level of MATERIALITY and facilitates the preparation of the budget on the basis of the standards of OPERATIONAL AUDITING process.Using the risk- based model increases the EFFICIENCY index of "number of deficiencies / number of teams member" and "number of offers / number of teams member" in OPERATIONAL AUDITING process.Using the risk- based model decreases the ECONOMY index of " actual hours / budgeted hours " in OPERATIONAL AUDITING process.

Cites

No record.

References

No record.

Cite

Related Journal Papers