The Role of Audit Risks in Enhancing the Assurance of Integrated Reporting Reports in the Iraqi Environment - An Analytical Study

Abstract

The research aims to demonstrate the measurement of the impact of identifying audit risks in enhancing integrated reporting reports in the Iraqi environment, given the risks faced by auditors, represented by the increase in fraud cases and the absence of laws governing the auditing profession. The auditing profession derives its strength from providing confidence and assurances about financial and non-financial disclosures. The processes of "identifying risks" and analyzing their main components (implied risks, control risks, detection risks) are one of the basic tools of the auditing profession to provide an impartial opinion about the truthfulness and appropriateness of information. Previous studies have focused mainly on the relationship between audit risks and financial reporting disclosure, with some recent exceptions related to the relationship between "corporate social and environmental responsibility disclosure and audit risks". The research, in its conceptual aspect, addressed the concept and importance of audit risks and their relationship to raising the level of trust and credibility of business results, analyzing their basic components (implicit risks, control risks, detection risks) and the process of estimating them and their role in enhancing business results and integrated reporting. Integrated reporting reports were also addressed in terms of the concept and characteristics of confirming these reports. As for the practical aspect, a questionnaire was designed and distributed to 250 auditors within the research sample, 224 of which were retrieved. Data was collected on the relationship between the research variables. The research concluded that there is a clear correlation and influence between audit risks and integrated reporting reports. The research recommended expanding attention to audit risks and their components in terms of analysis and evaluation using modern methods for their clear role in the auditing process as a whole and enhancing integrated reporting reports. Keywords: Audit risks, implicit risks, control risks, detection risks, integrated reporting reports.