@article{Mo’taz Kamel Al zobi, Dr. Ala Albawwat_2020, title={EXTERNAL AUDITOR’S RESPONSIBILITY TO THE DETECTION OF INACCURACY AND FRAUD IN THE FINANCIAL STATEMENTS: AN EMPIRICAL STUDY.}, volume={29}, url={http://sersc.org/journals/index.php/IJAST/article/view/6239}, abstractNote={<p><em>The management and other stakeholders of the company expect the external auditors to identify and report the inaccuracy, fraud and illegal transactions, if any. Aberrations in the performance of the professional duty may affect to financial position and results of the businesses. Accordingly, technical competence, integrity, independence and objectivity in the discharge of duties are expected from him. However, there is no audit that gives full assurance that the financial statements are free from any material misstatement or fraud. There may be instances where inaccuracy may creep into financial statements owing to improper performance of financial department or misjudgment in the selection and application of accounting methods and principles by a company. Therefore, fixing responsibility for inaccuracy, fraud and unprofessional behavior is the real challenge. Undoubtedly, the company management is under obligation to establish regulations and procedures to prevent inaccuracy, frauds or illegal behavior. Subsequently, if the inaccuracy or fraud surfaces, does it mean the external auditors has failed to perform his professional duties. And whether he should inform the legal and legislative authorities of inaccuracy, fraud and illegal acts, and what effect this has on the relationship of confidentiality between him and his clients. This paper attempts to answer these intriguing questions.</em></p> <p><em>The management and other stakeholders of the company expect the external auditors to identify and report the inaccuracy, fraud and illegal transactions, if any. Aberrations in the performance of the professional duty may affect to financial position and results of the businesses. Accordingly, technical competence, integrity, independence and objectivity in the discharge of duties are expected from him. However, there is no audit that gives full assurance that the financial statements are free from any material misstatement or fraud. There may be instances where inaccuracy may creep into financial statements owing to improper performance of financial department or misjudgment in the selection and application of accounting methods and principles by a company. Therefore, fixing responsibility for inaccuracy, fraud and unprofessional behavior is the real challenge. Undoubtedly, the company management is under obligation to establish regulations and procedures to prevent inaccuracy, frauds or illegal behavior. Subsequently, if the inaccuracy or fraud surfaces, does it mean the external auditors has failed to perform his professional duties. And whether he should inform the legal and legislative authorities of inaccuracy, fraud and illegal acts, and what effect this has on the relationship of confidentiality between him and his clients. This paper attempts to answer these intriguing questions.</em></p&gt;}, number={3s}, journal={International Journal of Advanced Science and Technology}, author={Mo’taz Kamel Al zobi, Dr. Ala Albawwat, Dr. Nahed Habis Alrawashedh, Dr. Abdelra him Kadomi, Dr. Zeyad Almatarneh, Dr.}, year={2020}, month={Mar.}, pages={1777 - 1786} }