the impact of Cybersecurity Elements on the Quality of External Auditing of financial technology companies in Jordan in light of International Auditing Standard No. 220

Abstract

This research aims to identify the impact of Cybersecurity Elements on the Quality of External Auditing of financial technology companies in Jordan in light of International Auditing Standard No. 220. To achieve the research objectives, a questionnaire was designed, developed, validated, and distributed to the research sample consisting of (191) certified accountants. The researcher relied on the outputs of the statistical analysis program (SPSS) to analyze the research data, and the descriptive statistics measures, arithmetic mean, standard deviation, and linear regression analysis were extracted. The results showed that there is a statistically significant impact of the cybersecurity variable in its combined dimensions on the quality of external auditing in its dimensions in financial technology companies in Jordan. The results also showed that all dimensions of the dependent variable are positively impacted to the dimensions of the independent variable and are highly affected by the components of cybersecurity. The research reached a set of recommendations, the most important of which are: Continuing the practice of external auditors to audit systems and programs, applying binding standards, issuing reports on the adequacy of cybersecurity systems, providing practising external auditors with more knowledge of cybersecurity and protection procedures about cyber attacks and reviewing them, which contributes to raising the quality of auditing.