Abstract
The study aims to determine the role of external audit in view of sudden financial collapse son Jordanian commercial banks. To achieve this, the researcher designed a questionnaire consists of (40) paragraphs.The study results show that there is a statistically significant impact (the first hypothesis) of external audit on sudden financial collapses on Jordanian commercial banks. The value of the relationship between the two variables is 0.638 which is statistically significant, because calculated f value is equal to (75.31) which is statistically significant as (0.000) value, which is less than (5%).The study also indicates that there is a statistically significant effect (the second hypothesis) of external audit on the compliance of the audit profession rules on Jordanian commercial banks. The value of the relationship between the two variables is 0.615 which is statistically significant, because calculated f value is equal to (60.09) which is statistically significant as (0.000) value, which is less than (5%).The findings suggest that there is a statistically significant effect (the third hypothesis) of external audit on the detection of deception and fraud on Jordanian commercial banks. Where the value of the relationship between the two variables is (0.673) which is statistically significant, because calculated f value is equal to 91.07 which is statistically significant as (0.000) value, which is less than (5%).
Highlights
In this modern era, with the latest developments, the acceleration of technology and modern technology, the expansion of economic, industrial, commercial and service projects, the weakness of accounting ethics, and despite the development of the profession of external audit
The findings suggest that there is a statistically significant effect of external audit on the detection of deception and fraud on Jordanian commercial banks
External audit which based on professional rules and professional commitment, reduces sudden failures, deception and fraud that occur in banks
Summary
With the latest developments, the acceleration of technology and modern technology, the expansion of economic, industrial, commercial and service projects, the weakness of accounting ethics, and despite the development of the profession of external audit. The problem of the study relates to the role of external audit in view of sudden financial collapses on Jordanian commercial banks, the impact of the external audit on preventing deception and fraud, and the auditor's compliance with the rules of the profession and the integrity of the financial statements. Importance of the study With the expansion of companies and its branches internally and externally, the external audit profession has emerged to protect banks from sudden collapses, prevent deception and fraud, and maintain the rules and integrity of the external audit profession from any internal or external effect. 1.5 Study Hypotheses H1: There is no statistically significant impact of external audit on sudden financial collapses on Jordanian commercial banks. External audit as independent variable, and three dependent variables are represented in: (a) sudden financial collapses, (b) compliance with auditing rules, and (c) detection of deception and fraud. External audit as independent variable, and three dependent variables are represented in: (a) sudden financial collapses, (b) compliance with auditing rules, and (c) detection of deception and fraud. 1.7 Research Design The following research design model describes the relationships among independent variable and dependent variables
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