The Role Of The Auditor Based On The International Auditing Standard 260 Framework In Achieving Independence And Its Impact On The Audit Quality

Abstract

This research seeks to provide a theoretical and practical study on the importance of the auditing process and auditors considering the application of International Auditing Standard 260 (IAS260) to achieve audit independence and its reflection in increasing the quality of auditing, as well as to encourage auditors in Iraq to adopt auditing standards. The descriptive analytical approach was used in this research. It relied on the performance of the questionnaire as a primary tool in collecting information, as the data obtained through conducting the field study are analyzed using three statistical packages (SPSS; Amos and SmartPLS). The professionals working in the Federal Financial Supervision Bureau in Baghdad Governorate were selected (165) certified accountants. The study results found that the relationship between the impact of Auditor Independence (AI) and its relationship with communication with governance officials on the quality of auditing, the relationship between the effects of AI and its relationship with communication with governance officials on the auditor’s reputation, and the relationship between the impact of AI and its relationship with communication with governance officials on audit fees and the risks of auditors being sued. Compliance with the requirements of IAS 260 requires auditors to develop their skills and knowledge continuously.