Impact Of The Mediating Role Of IIA Standards To Support ISA610 And Enhance The Primary And Secondary Qualitative Characteristics Of Accounting Information

Abstract

Economic units in Iraq witnessed competitiveness as a result of the expansion of their activities. It began to support internal audit as an activity that assures the validity of transactions. Internal audit is currently viewed as an independent activity that provides assurance and advisory services. The research problem is represented by questions, the most important of which are: 1. Is it possible to enhance the confidence of users of the reported information, by adopting IIA standards, when implementing internal audit tasks? 2. Does adopting internal audit standards help support the design and implementation of audit procedures based on ISA610? The practical aspect was prepared by surveying a sample of internal auditors working in the private and mixed sectors. The most important conclusions were as follows: Internal audit activity in Iraq focuses on its personnel having the skill and knowledge to prevent and detect errors and fraud as an essential part of its work to process transactions, considering them influential in financial reports. The sample showed that there is adoption of the attributes standards with a mean of (3.78), but there is weak adoption of the communication of the executive director of Internal audit with the board of directors, weak emphasis on the organizational independence of internal audit, and failure to meet quality requirements as a basis for the concept and work of internal audit activity.