الفهرس 
الإطار العام للبحث والدراسات السابقةيوجد فقط 14 صفحة متاحة للعرض العام
 |  | from | 259 |  |  |
| | | from | 259 | | |
المستخلص
Changes in the business environment has produced pressures on the auditor, which required the adoption of the risk-based audit method and the application of analytical procedures, so that the auditor could express his opinion that reflects his exertion of the necessary professional care and enhances the effectiveness of procedures to reduce the possibility of falling into error, extraction of conclusions and making an amendment to the audit program in proportion to the risks of the activity to support confidence in the quality of professional performance, which is reflected in the added value provided by the auditor’s report to the beneficiary parties.
The adoption of the international financial reporting standard IFRS 9 “Financial Instruments” shed light on the risk of bad financial assets that are described as the non-performing or incurring losses due to the decrease in the market value of the financial asset, which makes it a burden on the financial statements, which reflects its negative impact on the result of the financial position, as well as being a source of risk in The future may lead to financial failure and bankruptcy, which reflects fundamental effects on the audit process, therefore, it requires the adoption of a studying and assessing its risk to raise the efficiency and effectiveness of the audit work by disclosing it in his report in application of the International Auditing Standard 700 and Standard 701, which enhances the quality of the report and identifies the procedures adopted to remove ambiguity before the beneficiaries and increase their ability to understand the report, which increases the added value of the auditor’s report prepared in accordance with the standards The international audit, and the statement of the impact of poor financial assets reflects on the quality of the audit of the financial statements by adopting a risk-based audit methodology as a basis for audit quality and on the other hand to avoid professional responsibility.
Based on the foregoing, the role of the external auditor is has great importance as it works to reduce the risk of bad financial assets in the year under review, reduce their negative impact on imposing continuing assumption and reduce their effects in the decision-making process and on the other hand reduce the tort responsibility of the external auditor.
The main objective of the research is achieved through the researcher discussing the concept of bad financial assets, their characteristics, indicators of measurement, risks and how to disclose them in the financial statements, studying and analyzing the adoption of an audit method based on international auditing standards and preparing a scientific methodology to perform his work tasks, which contributes to raising the quality of performance and using analytical procedures when doing tasks of planning and implementation, and standing out the importance of studying and analyzing the risks of discovering and evaluating bad financial assets and determining their impact on the credibility of the results to reduce their impact to an acceptable level, and clarifying the auditor’s responsibility for accounting disclosure in accordance with international auditing standards, leading to a proposal for an audit program for bad financial assets to raise the quality of performance and decrease the professional and legal issue.
And testing the research hypotheses on which the pro posed framework is based, which are:
1)There are no significant differences among the respondents about the importance and axes of the proposed framework for reviewing bad financial assets using the risk-based audit approach in Iraqi banks.
2) There are no significant differences among the respondents about the role of the proposed framework for reviewing bad financial assets by using the risk-based audit approach in improving the quality of auditing the financial statements of Iraqi banks.
3) There is a difference between the quality of auditing Sumer Commercial Bank’s financial statements before and after reviewing bad financial assets.
4)The proposed framework is suitable for application in Iraqi banks.
The study concluded many results, the most important of which are the following:
1)Bad financial assets are one of the modern issues because they cause the collapse of banks and have a negative impact on the honest and fair representation of financial statements in banks, and on the other hand, their negative impact on the opinion of the external auditor.
2)The international auditing standards did not address the responsibility of the external auditor in disclosing bad financial assets. Rather, it was implicit in several standards, the most important of which are Standard (240) The Auditor’s Liability for Fraud, (315) Determining and Assessing the Risks of Fundamental Errors, (330) The Auditor’s Responses to Valuable Risks, (520) Analytical procedures (540) Revision of accounting estimates (560) Subsequent events, (570) Continuing entity.
3)There is a shortcoming on the part of the internal auditor in reviewing, following up and taking care of bad financial assets and writing notes about them, and not following up on the market value of bad financial assets and following up on their decline.
In the context of the previous results, the study recommended a set of recommendations, which are as follows:-
The need for the external auditor to adopt the risk-based audit method in an integrated manner on all items of the bank and pay special attention to poor financial assets because of their clear and noticeable impact on the honest and fair representation of the financial statements.
The external auditor adopts the application of the proposed program to review bad financial assets, as it is prepared in accordance with modern audit frameworks by adopting the risk-based audit method to keep pace with rapid changes in banking activities, as well as being prepared in accordance with international accounting standards and international auditing standards in order to provide an appropriate framework to address audit and fundamental risks and respond to it
The researcher suggests that a matrix based on the classification of financial assets and their risks be adopted to provide an indicator for the bank in the event that financial assets enter the stage of non-performing assets, low assets, losing assets, toxic assets and poor assets, and the researcher has adopted a classification within the body of research and indicators of financial asset risk shoddy.
The necessity of adopting Standard 701 to reduce the possibility of the auditor’s professional responsibility, and to reflect the necessary professional care and disclosure of bad financial assets and the identification of procedures adopted for their review.
The necessity for the bank’s management to know the extent of the importance of the issue of bad financial assets and its long-term danger, and its impact on the result of its activity and the credibility of its financial statements, and its disclosure within the complementary explanations and notes will give a clear picture.