The role of the external auditor to detect fraud in the trust accounts in accordance with international auditing standards and local evidence

Abstract

The research seeks to clarify the role of the external auditor in accordance with international auditing standards and local evidence to detect fraud in the trusts account in the Diyala Governorate Office. The analytical statements accompanying the financial statements of the research sample for the years (2012-2017) were studied and the degree of risk and relative importance of the trusts account was determined, as well as The extent to which the government expenditure unit, the research sample, adheres to the laws, regulations, and instructions in this regard, and thus its impact on the entire audit process, To achieve the goal of the research, the research hypothesis was proven, which states that procedures for auditing the trust accounts in accordance with international auditing standards and local evidence contribute to detecting fraud. The research concluded that the approved INTOSAI standards were not taken into account when planning and implementing audit procedures for accounts payable, especially the trust account, to ensure the validity and accuracy of the account The research recommends the need to take into consideration the approved INTOSAI standards when planning and implementing audit procedures for accounts payable, especially the trust account, to ensure the validity and accuracy of the account.