Factors Affecting the Selection of Audit Samples in Jordanian Commercial Banks

Abstract

The main objective of this study is to examine the factors that affect the selection of audit samples in Jordanian commercial banks. It is also intended to explore the techniques used by Jordanian auditors when applying audit sampling methods. A five section questionnaire was developed to collect data. This questionnaire includes general information about auditors, statistical techniques used in audit sampling and problems that auditors may face. The questionnaire was adequately answered by 78 auditors who have the conditions required by the study. The results of the study showed that there are many factors that may affect the selection of audit samples with varying degrees of impact. The most important are the incompetence of internal control systems and the experience of auditors in statistical sampling methods. The study recommends the necessity of increasing the competence of internal control systems in commercial banks, developing the skills of internal auditors, more competent audit fees and providing the necessary protection for external auditors.