The impact of the professional specialization of the auditor on the continuity of the Accounting Unit: The Case of Iraq

الملخص

This study intends to emphasize the role of the specialized auditor in assessing the capacity of the economic units in the research sample to continue operations, in accordance with the legislative texts governing the profession and the auditor's responsibility to shareholders and connected parties. The study also aims to emphasize the significance of the indicators and the threats to this continuity, which are associated with executive financial metrics and other indicators. In addition, this study intends to emphasize the function of specialist auditors and their obligations in reporting on this by examining the present financial condition of the economic unit and comparing it to prior periods, or by forecasting the future of this scenario. Using the (kida) model, four banks listed on the Iraq Stock Exchange were chosen as a sample for this study for the period (2017-2021) in order to evaluate the likelihood of these economic units encountering the risk of bankruptcy and financial collapse at an early stage. Due to its dependence on the financial failure prediction model, the findings demonstrate a tight connection between the report of the specialized auditor and the analytical techniques used to evaluate the economic units' capacity to continue operations (kida). In addition, the findings demonstrate that financial ratios may be used to forecast the state of economic units. Therefore, more attention should be paid to the preparation of financial statements based on the analysis of the financial ratios of these statements, as well as the need to raise awareness and educate communities more thoroughly about the role played by the specialized auditor in enhancing confidence in the credibility of financial reports in order to ensure continuity.