The Role of the Auditor in Evaluating the Performance of Private Banks and Indicating the Extent of Their Exposure to Financial Failure Through the Application of the System Sherrod, an Applied Study in a Sample of Iraqi Private Banks

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The Role of the Auditor in Evaluating the Performance of Private Banks and Indicating the Extent of Their Exposure to Financial Failure Through the Application of the System Sherrod, an Applied Study in a Sample of Iraqi Private Banks

Akil Dakhil Karim Al-Aagebi

Al-Muthanna University / College of Administration and Economics

Abstract

The nations learn from their experiences and from the experiences of others and from any pitfalls they face. From these experiences, they have experiences for the future and the overcoming of these pitfalls is a starting point for moving forward with all strength. Therefore, the auditors are responsible for disclosing the extent of the economic unit’s ability to continue its activity, forecasting the financial failure of the unit and reporting the uncertainty of the inability of these units under scrutiny to continue its activity. This is the focus of professional auditing standards. The apparent lack of accountability of the auditors and the economic units management in the commitment to their responsibilities towards the statement of the unit’s ability to continue as well as the determination of the responsibilities of the auditors in light of the International Auditing Standards (ISA) To the appropriateness of the use of the administration to impose continuity in the preparation of its financial statements, so research was based on the premise that the use of a specimen helps to predict Sherrod financial failure of the banks and thus assess the future financial performance of them. The research was based on a set of conclusions, the most important of which is that modern models of financial analysis help the auditor and financial analysts evaluate the performance of economic units to determine the efficiency of management in the formulation of financial policies. The most important recommendations are the need to increase the interest of the private sector by government agencies as they have a leading role in helping the public sector and providing loans and investment and its contribution to building the economy.

DOI:10.52113/6/2018-8-1/124 -136

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