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Importance of Mock Audits in Auditing

Author

Listed:
  • 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)

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.

Suggested Citation

  • Ayca Akarcay Oguz & Nezriye Gozde Bi̇rcan, 2021. "Importance of Mock Audits in Auditing," Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, Istanbul University Business School, vol. 0(65), pages 13-22, July.
    • Handle: RePEc:ist:imeder:v:0:y:2021:i:65:p:13-22
    DOI: 10.26650/MED.874946
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