THE EFFECT OF RISK-BASED CONTINUOUS AUDITING ON REDUCING FRAUD IN COMPANIES LISTED ON THE IRAQI STOCK EXCHANGE

Abstract

Objective: Given that many factors in identifying fraud are consistent with the audit methods used by the auditor, using an efficient and effective audit method such as risk-based auditing can be a big step in identifying fraud in auditing. Therefore, the purpose of this article is to examine the effect of risk-based continuous auditing on reducing fraud. Research Methodology: The statistical population of this study includes financial experts and consultants, as well as professors in economics and finance who have at least 10 years of experience in the fiscal year 2024. Due to the limitation of the statistical population, the subjects were studied using a random-access method, and the questionnaire collected after removing corrupted copies or containing incomplete answers, 133 copies were included in the analysis. Findings: The results of the research questions showed that the tools used in continuous auditing, cooperation with external institutions for continuous auditing, managers’ goals for continuous audit reports, and the type of industry reduce the possibility of fraud. Also, the amount of adjustment in continuous audit reports, the objectives of the internal audit unit, and the number of members of the internal audit committee do not affect the reduction of fraud. In general, the results indicate that risk-based continuous auditing reduces fraud. © (2024), (Social Sciences Research Society). All rights reserved.