The Role of Palestinian Association of Certified Public Accountants in Promoting the Palestinian Audit Profession

Abstract

This descriptive study aims at evaluating  the role of PACP in promoting the Palestinian audit profession. The level of achieving its designed objectives  springs off  its vision .A  questionnaire was distributed to a sample representing 56.5%  PACPA   active members. The data analyzed reflected the remarkable achievements to the objectives of PACPA viz:-developing members capabilities with 89% level, continuous education to members with 75%,adherence to the code of conduct with 71.5%,protection of members interests with 68.6%,and compliance with the international accounting and auditing standards with 59.5% completion level. The level of overall achievement to these objectives was 72.48% level. Hypotheses testing reveals the unanimous agreements between members over the achieved levels of  the said objectives. Many obstacles the PACPA still encounters headed by the professional independence impairments ,and inadequate compliance with international  accounting  and auditing standards .The researcher recommends serous steps to curb them in order to grant reliable audit profession capable of attracting foreign investments to inflow and upgrade the national economy.

Keywords: Audit Profession, Board of Auditing (BOPA),International Auditing Standards, Low  Audit fees, Part-time auditing.