Vol: 15, Issue: 1 2025

Page: 55-64

Electronic Auditing and Its Role in Detecting Fraud Using the Adoption of International Auditing Standard (240)

Rajaa Ali Abed, Ali Hussein Mahoush

Received Date: 2025-01-25

Accepted Date: 2025-02-27

Published Date: 2025-03-16

http://doi.org/10.37648/ijtbm.v15i01.006

This study looks at how electronic auditing helps find fraud, especially with the new International Auditing Standard (240) that outlines steps for detecting fraud. A questionnaire was created to meet the research goal. It was divided into five main areas, and each area includes several steps to find fraud or mistakes. It was decided that using electronic auditing is very important for checking risks and related actions. This is because it helps make sure that management's evaluation of risks related to fraud is accurate. Electronic auditing also helps auditors understand their responsibility to find and stop fraud by providing them with enough confidence that the financial statements are mostly accurate and not affected by mistakes or fraud. Electronic auditing plays a key role in figuring out how to address the risks of financial statement errors caused by fraud. The key advice is that professional groups and important people should help with using technology in auditing. This will help make the audit process faster and find mistakes and fraud. The auditor needs to be well-informed about the importance of using electronic auditing. To improve their skills, they should take part in training courses and seminars. We need to use electronic auditing because it helps make the auditing process better and more efficient. It helps with assessing risks and finding fraud in financial statements.

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