The role of Libyan Audit Bureau auditors in discovering creative accounting methods and addressing their effects

An applied study on auditors of the management of public companies and banks

Abstract

The study aimed to identify the role that the auditors of public companies and banks at the Audit Bureau play in discovering creative accounting methods and treating their effects on the financial statements of public companies and commercial banks, by following the descriptive analytical approach and designing a questionnaire that was distributed to auditors of public companies and banks working in the General Administration of the Audit Bureau in Tripoli, These questionnaires were analyzed using statistical analysis methods according to the SPSS statistical program, The results of the statistical analysis of the study data showed the availability of knowledge among auditors of the Audit Bureau in the Libyan environment of the motives and causes of creative accounting practices in public companies and banks, This was reflected positively on their role in limiting and exploring creative accounting methods and addressing their impact, The study recommended several recommendations represented in the interest in holding training courses on creative accounting on a regular basis for auditors of the Audit Bureau to increase knowledge and awareness of the causes and motives of creative accounting and its methods and procedures and tests to discover, reduce and address their effects, which enhances their role in combating them and supports the accuracy and validity of accounting reports for public companies and banks, Conducting specialized studies on the complex creative accounting methods practiced by international companies, especially in the field of oil and investments, discussing them and presenting them in the form of scientific seminars with auditors of the Audit Bureau in order to develop their supervisory role and protect the Libyan economy that has enormous funds invested in these two important areas