Importance of Mock Audits in Auditing

Ayca Akarcay Oguz () and Nezriye Gozde Bi̇rcan ()
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Ayca Akarcay Oguz: Marmara University Faculty of Business Administration, Department of Accounting, Istanbul, Turkey
Nezriye Gozde Bi̇rcan: Istanbul University, Institute of Social Sciences, Department of Business Administration, Department of Accounting, Istanbul, Turkey

Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, 2021, vol. 0, issue 65, 13-22

Abstract: Audit scenarios or mock audits are one of the new audit approaches gaining importance, due to an increasing number of frauds and irregularities in organizational accounting systems in recent years. Specifically, such inaccuracies/irregularities can be discovered in advance by writing scripts through mock audit scenarios. In addition, fraud risks and irregularities can be effectively managed with an early alarm system in organizational accounting systems that generates different audit scenarios and related processes. Thus, this study examined the necessity and importance of audit scenarios and scenario planning in order to enhance the methodology regarding accounting and the effectiveness of auditing processes in today’s world.

Keywords: Auditing; Scenario; Mock Audits; Accounting (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ist:imeder:v:0:y:2021:i:65:p:13-22

DOI: 10.26650/MED.874946

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