The Impact of Analytical Procedures on Enhancing the Professional Judgment of the Certified Public Accountant in Jorda

Abstract

This study aimed at identifying the effect of analytical procedures on enhancing the professional judgment of the certified public accountant in Jordan. To achieve the objectives of the study, a questionnaire was designed and distributed to a sample of (192) certified public accountants affiliated with Jordanian Association of Certified Public Accountants (JACPA). The descriptive approach was used to describe the analytical procedures, data collection, classification, processing and analysis to find out the results, while the heuristic approach was used to analyze, interpret and draw conclusions based on the sample of the study. The results of the study showed that there is a statistically significant impact of analytical procedures (financial indicators and ratios, risk assessment and comparisons of financial statements) on the professional judgment of the Jordanian certified public accountant, while detailed tests had a weak impact on professional judgment. The study recommended to increase the level of efficiency of auditors on the concept of detailed tests as one of the dimensions of analytical procedures and organize applied courses on the International Audit Standard (520) for analytical procedures.