الفهرس 
الاطار العام للبحثيوجد فقط 14 صفحة متاحة للعرض العام
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المستخلص
Evaluation of Management Fraud Risk
as an Approach to External Auditing Performance in Yemen
Summary
The research aimed to develop a framework for an integral approach to assess management fraud risk in audit process. This framework relies on the determination of fraud risk assessment process and the factors that affect it. The research also aimed to study the impact of management fraud risk on audit process planning decisions.
Throughout studying and analyzing the contemporary professional literature that relates to management fraud, the researcher has developed a suggested approach for assessing management fraud risk. It assumed that audit process planning and performance decisions are sequential decisions that depend on each other; begin with evaluating management intention to carry out fraud and conducting the preliminary assessment for fraud risk to plan audit process; and end with the final assessment for these risks and issuing audit report according to the audit evidence. The approach also relies on taking into account the important fraud risk factors, the availability of adequate expertise and efficient auditors, the availability of reasonable organized and legal environment, the usage of modern decision aids and methods in fraud risk assessment and planning of audit process according to this assessment.
The study, then, has attempted to apply the suggested approach of management fraud risk assessment in Yemeni audit environment via questionnaires. The study population was the auditors of audit firms and the central organization of control and auditing. The study sample consisted of 139 auditors.
The survey study has concluded to the following:
25 factors of 111 fraud risk factors that have been studied were the most important and have high predict ability in management fraud risk assessment and detection. These factors represent several aspects of firms’ characteristics under audit and their environment. The auditors indicated that attitude factors (management point of view and behaviors) are more important than situational factors (economical and environmental factors) in fraud prediction. 14 important factors were of American Standard (SAS No. 99) and International Standard (IAS No. 240). The others were from the common factors of professional literature.
Results of determining the fraud risk factors that are most important in predicting the management fraud are based on the auditors’ experience of management fraud. The auditors’ estimation regarding the relative importance of most important fraud risk factors has not been affected by demographical characteristics. This result indicates that the consensus of these factors does exist.
Auditors’ performance in assessing and detecting management fraud is affected by the factors that are common in audit environment. The surveyed auditors agreed upon the factors that are related to engagement period, auditor’s independence, legal responsibility, audit firms competition and audit tasks complexity affect auditors’ performance in assessing and detecting management fraud.
Auditors do not completely realize their responsibility toward management fraud according to the recent auditing standards requirements and its effect on audit process planning. They believe that performing standard program may attain their responsibility toward management fraud detection.
The decisions of audit process planning are affected by the results of management fraud risk assessment. However, the rank of audit planning decisions that auditors take in response of fraud risk show that they tend to rely on low cost audit process regardless of its effectiveness in management fraud detection.
The results showed that there is a gap in Yemeni audit environment between auditors’ usage of decision aids and approaches and their belief about accuracy and efficiency of these approaches. Although auditors realize that using the separated approach instead of comprehensive approach and decision aids that rely on modern technology instead of methods that rely on personal subjectivity leads to enhancing the accuracy and efficiency of assessing the management fraud risk and, thus, detecting management fraud if exist, it is noted that the separated approach and modern decision aids are not used in real practice.
Finally, results of logistic regression analysis indicated that the previous experience of a firm in fraud detection and the auditor’s position have material predictive ability in management fraud. As the previous experience of a firm in fraud detection increase and the auditors’ position raise, the audit team ability in management fraud detection increase.