The Role of International Auditing Standards in the Renationalization of the Professional Judgment of the Auditors – An Empirical Study

Abstract

The study aims to identifying the role of the International Auditing Standards in the rationalization of the professional judgment of the Auditors. The importance of this study stems from the need to increase the efficiency and effectiveness of the auditing process since the auditing standards are considered as a communication tool to clarify the auditing process requirements for all departments benefiting from the auditing process.The rationalization of the personal judgment of the auditor is reflected on the efficiency and effectiveness of the auditing process.The researcher adopted the descriptive analytical approach.The Study population consisted of the auditors working in the chartered auditing offices registered in the Auditors Association in the Gaza- Strip.The number of auditors amounted to (75) auditors.(67) Questionnaires were recovered.The results of the study showed that the professional efficiency is considered of the most important factors affecting the quality of the personal judgment of the auditor.The close following up, supervision, monitoring, training, examining, employing and promotion contribute to the reduction of risk and uncertainty and consequently to the rationalization of the auditors personal judgment. The study made several recommendations, the most important of which is the interest of the researchers in the rationalization of the auditor›s personal judgment and their interest in the auditing standards.The standards as well as obliging the auditor to benefit from other entrances to rationalize the auditor’s personal judgment to help build trust among the users of financial statements.