International Journal of Accounting and Management Sciences (IJAMS)
July 2022
DOI https://www.doi.org/10.56830/IJAMS07202203
Authors
Walid Samir Abdel Azeim Elgabali
Abstract
The study aims to Identify business risks facing the auditor when performing the
audit, contribute to enhancing the auditor’s efficiency through business strategy
analysis for the purpose of enhancing predictive ability when judging the
continuity of the enterprise and Improve the quality of the audit process, narrow
the expectations gap in the audit process to the required level and produce
outcomes and recommendations to improve the performance of audit offices. The
data was mainly collected through a field research, The study reached a set of
results, the most important of them, The results of the statistical analysis showed
“the existence of a statistically significant relationship at the level 0.05 between
the independent axes (Client strategy analysis, Risk of material misstatements in
the financial statements, inevitable risk during the audit process, the risk of
auditor’s assessment of the internal control environment, and the risk of the
auditor performing the audit tests) and increasing the efficiency and effectiveness
of the audit process” . This result is consistent with the main study Hypotheses , It
was revealed that, through client strategy analysis, auditors are more able to detect
internal and external strategic risks for the client, and therefore increasing the
efficiency and effectiveness of the audit process, Avoiding any material
misstatements in the financial statements and increasing the auditors’ ability to
detect material misstatements leads to a reduction in the inevitable risk and The
importance of increasing analytical tests during the audit process in order to
minimize the risk of audit tests to the lowest limit as this contributes to increasing
the efficiency and effectiveness of the audit process.
Keywords: Strategy Analysis Approach/ Business Risk/ Audit Proces
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