The quality of auditors performance and its role in uncovering misleading financial statements of companies in the private sector

Abstract

companies' financial statements, especially in the private sector, where there is an increasing need to ensure accuracy and integrity in financial reports. The importance of this research lies in its discussion of the quality of auditors' performance in detecting misleading financial statements in the private sector, due to their pivotal role in enhancing transparency, combating fraud, and protecting the economy from the risks of misleading reports. This research focuses on studying the relationship between the quality of auditors' performance and their ability to detect misleading financial statements, while highlighting the factors that enhance or hinder the quality of performance. The research deals with the concept of auditors' performance quality and its role in achieving reliability in financial statements, with an analysis of the factors affecting the quality of auditors' performance. The research relied on the descriptive analytical approach, where the opinions of a sample of 30 auditors were surveyed, using a questionnaire. One of the most important results of the study was that the quality of auditors' performance contributes to detecting fraudulent financial statements of companies in the private sector by adhering to auditing standards and rules of professional conduct and applying applicable legislation and regulations. Auditors who have a high level of experience and training are better able to detect cases of fraudulent financial statements