The auditing and assurance profession in Jordan is based on an integrated framework of international auditing and assurance standards, which aim to ensure the quality of professional performance, enhance integrity and independence, and strengthen confidence in financial reporting. These standards constitute the primary reference framework governing the work of statutory auditors in accordance with international best professional practices.
Types of International Auditing and Assurance Standards
The professional standards framework comprises a set of international standards that govern auditing and assurance engagements. The most prominent of these include the International Standards on Auditing (ISA), the International Standards on Quality Management (ISQM), the International Standards on Review Engagements (ISRE), the International Standards on Assurance Engagements (ISAE), as well as the International Standards on Related Services (ISRS). Together, these standards cover audit, review, assurance, and agreed-upon procedures engagements.
Implementation of Professional Standards in Audit Firms
Al Hiary Auditing Office is committed to applying international auditing and assurance standards within an integrated professional framework that is fully aligned with the laws and regulations in force in the Hashemite Kingdom of Jordan, thereby ensuring the quality of financial reporting and the accuracy of professional conclusions.
International Professional Affiliation
Al Hiary Auditing Office operates as an independent member of the international Abacus Worldwide alliance, a global network of independent accounting and auditing firms. This affiliation enhances the exchange of professional expertise and adherence to international best practices, while fully preserving the firm’s legal and professional independence.
The Importance of Compliance with International Auditing and Assurance Standards
Compliance with international auditing and assurance standards represents a fundamental element in promoting transparency and accountability, strengthening stakeholders’ confidence in financial reporting, and contributing to the protection of the economy while fostering sound professional practices.
