The Effective Factors on the Future Study of the Audit Profession Base on IFRS Requirements and Business Cycle

The future of “auditing” like any other phenomena depends on a range of variables: conditions such as forthcoming developments in international trade, globalization, needs of auditors and stakeholders for modern financial services and consulting, as well as developments in information technology, etc. could all have their own effects.

This research lies in the “application research category”. Utilizing view and comment by 16 experts, the future model of auditing was formalized (designed). Based on views and comments expressed by 264 pundits, professional auditors and financial directors, the recommended model is tested. Technically, grounded theory and analytic network process (ANP) have been utilized. To achieve this objective, a primary model was developed; and re-implementing PLS model, an optimum model was prepared and was evaluated by pundits, auditors and finance directors. An optimum model was thus evolved.

The optimum model was determined. Based on the final model, internal factors have positive effect on future of auditing while external factors have negative effect. Furthermore, application of the model confirmed modifying effects of the IFRS requirements as well as business cycles in connection with internal and external factors effecting audit profession.