Vol. 5, Issue 2, Part B (2023)

Auditing is considered with examining the financial records of a business organization to make sure that the financial information is accurate and free from error and material misstatement, the purpose of auditing is to provide the shareholders and management relevant and faithfully represented financial report which will enable them to come with most effective decisions. Also, to detect and prevent fraud from happening. Moreover, the concept of perception is highly important for an auditor as it will enable the auditor to come with an expectation toward different types of fraud that might face the auditors during the auditing period also it will eliminate the time and effort of an auditor.
To study auditor’s perception towards possibility of frauds, a survey was conducted among 57 external auditors. To collect data a questionnaire was designed with 15 statements of auditor’s opinion about different types of fraud. The data collected was analyzed by various statistical tools such as tables, charts, graphs and other advanced tools for instance mean and standard deviation. From the analysis it revealed that the major key factor that will influence the auditor’s perceptions towards frauds documents that appear to have been altered.