Mahmoud Hassan Mostafa Mostafa, "Measuring the Impact of Brainstorming Sessions on Supporting the Response of Auditor to the Risk of Fraud - Experimental Study", (Master in Accounting, Ain Shams University, Faculty of Commerce, Accounting & Auditing Department, 2012).
The research aims at examining, measuring and analyzing the impact of brainstorming sessions on the auditor's ... [Show full abstract] consideration of fraud risk in general, and also their impact on the response of auditor to these risk, in particular, through experimental methodology, as this has a significant role and effect in increasing the efficiency and effectiveness of the audit.
The researcher has suggested a methodology of brainstorming in the field of auditing, which includes the following :
1- A proposed framework for using brainstorming when considering fraud risk.
2- Two proposed descriptive models for measuring the variables of the research :
First Model : to measure the impact of brainstorming sessions on the auditor's ability of detecting fraud.
Second Model : to analyze the process gains and losses resulting from brainstorming sessions.
To examine the extent of acceptability of the proposed methodology in the Egyptian environment, an experimental study was conducted, based on a sample of auditors working in private accounting and auditing firms, and controllers of the Central Auditing Organization.
In light of the information available from statistical analysis of the experimental study, the researcher concludes the following main results :
First : There is a significance impact of brainstorming sessions on the level of professional skepticism required to perform the audit, examination and analysis of fraud triangle and factors associated with it, identification and assessment of fraud risk, and preparing appropriate responses about assessment results of fraud risk, which leads in turn to supporting the auditor's ability of detecting fraud.
Second : The gains, resulting from brainstorming sessions, are superior to the losses, resulting from these sessions in the field of audit; and therefore brainstorming performance is positive.
Third : There is no difference in the realization degree of gains and losses resulting from brainstorming sessions between the professional ranks of the participants in the experimental study.
The main result of the experimental study was the acceptability of the proposed methodology in the Egyptian environment.
Key Words : Brainstorming, Fraud risk, Professional skepticism, Fraud triangle, Identification and assessment of fraud risk, Responding to results of assessment of fraud risk, The auditor's ability of detecting fraud, Control Groups, Experimental Groups, Process gains, Process losses, Brainstorming performance.