Effect of Audit Risks on the Credibility of Financial Information in Iraqi Private Banks

Abstract

The research aims to identify the impact of audit risks on the credibility of financial information and was relied on the descriptive analytical approach, as the electronic questionnaire form was used as a tool for research, and the research community consists of all those working in the control and auditing of accounts in Iraqi private banks, and the research sample amounted to 110 individuals referred to in the research community, and the research reached a set of results, which is the presence of a high level of audit risks of all kinds (inherent risks, control risks, exploration risks) to which Iraqi private banks are exposed, as well as the presence of a high level of credibility of financial information in Iraqi private banks. An inverse, statistically significant effect of the level of audit risks and their types (inherent risks, control risks, exploration risks) on the level of credibility of financial information at the 0.01 level. financial as well as adopting modern and diverse methods that enable the auditor to evaluate audit risks that include inherent risks and Monitoring risks and discovery risks, which leads to reducing the level of risks to which Iraqi private banks are exposed.