Auditing Subsequent Events from the Perspective of Auditors: Study from Jordan

Abstract

The study aims to identify to what extent auditors in Jordan comply with the requirements of the International Standard of Auditing No. 560, "Subsequent Events".The Researcher in the study used the descriptive approach and the analytical approach, through a questionnaire developed for the same purpose, and aims to answer the questions of the study, and to test hypotheses depending on a sample of (62) auditors working in auditing offices, they were selected randomly . The sample represents (32.8%) of the study population that consists of (189) auditing offices.The study shows that the auditors in Jordan comply with the requirements of the auditing standard No. (560) in auditing subsequent events in the period between the balance sheet date and the date of auditing report. They did not comply with the requirements of this standard after that date. The study shows also that the personal characteristics of the auditors (speciality, experience, CPA exams, and training) did not have statistically significant effects on their awareness of the importance of compliance with the requirements of this standard.The study recommends offices and auditing firms and the Association of Auditors to take care of training their auditors and employ only members who pass the CPA exam.