The Awareness Level of Libyan External Auditors Regarding the Requirements of International Standard on Auditing (ISA 220) Quality Management: A Field Study on Audit Firms in the Western Region

Abstract

This study aimed to determine the awareness and perception of Libyan external auditors regarding the requirements of International Standard on Auditing (ISA 220) related to quality management in auditing work. To achieve this objective, a questionnaire containing the components of this standard was distributed to a sample of external auditors in the western region of Libya. Data were analyzed using SPSS statistical software, utilizing descriptive and inferential statistics including the One Sample T-Test. The study found a high level of awareness among external auditors regarding the requirements of this standard. Additionally, it was noted that while there is an awareness of the importance of quality management, some audit firms show a weakness in training their employees to enhance their efficiency. The study recommended the necessity of requiring external auditors to apply international standards and updating the laws governing the profession in Libya.