The Role Of International Auditing Standards In Enhancing Auditor Skills

This paper explores the effects of international standards on auditing on the professional growth of the auditors. It tries to outline the advantages as well as the obstacles that can be faced by auditors in implementation of these standards using a descriptive and analysis framework to examine the correlation between compliance and skill development in the regulatory world. To meet these objectives, an electronic questionnaire was developed using a theoretical framework that exists. The instrument was distributed to a purposive sample of university professors, researchers and professionals within government organisations specialising in auditing, finance, accounting as well as administrative science, and thus generated an informed response of the items. Thirty-nine respondents were engaged in total and their data were worked out with the help of the SPSS in order to provide opportunities to make the rigorous statistical inference. The conducted analysis has produced a strong positive correlation between the implementation of international auditing standards and the enhancement of auditors competences, which serves as the proof of the direct association of the said standards with accuracy and dependability of the audit process. The research, therefore, advises the public and the private sector organisations to set up periodic training programmes to provide auditors with a detailed knowledge of latest international standards and their practical use. In addition, academic programs should be modified to include international auditing material in a systematic manner where graduates in the future will be well equipped to manoeuvre the international audit practice.