The role of the auditor in the reliability of the future financial information and the effect on tourism: an empirical study of the Iraqi environment according to ISA 810.

Abstract

The aim of this study was to evaluate the importance of the role played by the report given by an auditor which includes forecasting the future financial information that has become a great importance in accordance with the rapid changes in the business environment and in global tourism. The important role of the information disclosed in the financial reports serves as a way to reduce a situation of misappropriation and to enhance confidence in the future information issued by the organization through the requirements of ISA 810. Also, the auditor provides the proposal for a future information provider in the banking sector in the Iraqi environment as well as the impact on the tourism for the period of 2009-2012. The study shows that the banking sector listed on the Iraqi Stock Exchange discloses future information but there is weakness in the reliability of the information through the auditors' report. Thus, this study proposed a format for the report of the external auditor in accordance with ISA 810.

Keywords

• Auditors
• banking
• tourism
• financial reporting
• Iraq