ISA (700) “Forming an opinion and reporting on financial statements” and its role in reducing creative accounting practices in financial statements (A field study on some audit offices in the state of Khartoum)
DOI:
https://doi.org/10.26821/IJSRC.10.7.2022.100704Keywords:
ISA (700), creative accounting practices, financial statementsAbstract
The study aimed to know the relationship between the application of the ISA (700) and the reducing creative accounting practices in the financial statements. The study found several results, the most important of it is that, Applying audit standard (700) reducing the practicing of using depreciation rates that are lower than the rate accepted in the industry, Applying audit standard (700) reducing the practicing of not including the installments due during 7.4 the current year from long-term obligations within the current obligations. The study recommended that, Encouraging Sudanese audit offices to adopt international auditing standards in the nature of their work and specially ISA (700).
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Copyright (c) 2022 Dr. Ismail Mohamed Ahmed Shabo, Dr. Asim Hassan Mohammed Gabra
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