The Impact of Technological Development and Audit Fees on The Application of The Business Risk Audit Approach (A field study on Audit Firms and Offices in the Republic of Yemen)
DOI:
https://doi.org/10.69844/aen97k17Keywords:
The Business Risk Audit Approach, Technological Development, Audit FeesAbstract
The study aims to analyze the impact of the technological development and audit fees on the application of the business risk audit approach. The study used a descriptive analytical approach for the presentation and analysis of data, relying mainly on a questionnaire designed especially for this purpose. A questionnaire was designed and distributed to the study sample of 60 auditors from licensed audit offices in the Republic of Yemen for the year 2022, of which 38 responded to the questionnaire, representing 63%. The results showed that audit fees have a high degree of impact on the application of the business risk audit approach, but there was no effective impact on the technological development on the application of the approach in the Yemeni business environment. The study recommended the need for auditors to use modern approaches and methods in the audit process, including the business risk audit approach, to increase the efficiency and effectiveness of audit performance. It also called for increased attention to academic and professional research and the organization of training courses that explain the steps for applying this approach. It stressed the need to develop auditing curricula in the Yemeni universities to reflect the actual development of the auditing profession.
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