Adopting the ISA 330 When Designing Auditing Procedures And Its Impact on Enhancing Legal Accountability : An Exploratory Study of A Sample of Auditors

Abstract

The research aims to study the relationship between the application of auditors working in companies and audit offices and the Federal Board of Supreme Audit concerning the auditing standard ISA 330, titled " The Auditor's Responses to Assessed Risks," in formulating audit procedures, and its role in determining the legal responsibilities of the external auditor. This research investigates the role of the standard in improving audit process efficiency. It focuses on effective risk responses and the application of suitable professional procedures. The study also examines the legal ramifications for auditors concerning errors or deficiencies in audit task performance. The empirical component of the research was conducted through an exploratory investigation of multiple auditors' perspectives on the practical implementation of the standard in their professional environments. The findings indicated that implementing ISA 330 improves audit quality, mitigates risks, and underscores the professional and legal obligations incumbent upon auditors in cases of procedural noncompliance.