Audit in the system of financial control and the role of professional skepticism in improving audit quality on the example of Iraq

Relevance. Taking into account that nowadays audit is recognized worldwide as an important element of the system of market relations, which is confirmed by numerous studies of the theory and practice of the organization of the financial control system and audit activity, the study of the essence of audit in the system of financial control and identification of actual ways to improve the quality of audit is a very relevant direction. Purpose of the study. To determine the role of audit in the system of financial control and to determine the influence of professional skepticism on the quality of auditor's work. Hypothesis of the study: based on the conducted research to confirm the impact of professional skepticism on improving the quality of external audit in the Republic of Iraq, considering the empirical evidence obtained. Research Methods. Literature analysis was conducted, as well as questionnaire and empirical methods through statistical analysis of data for the second part of the study related to professional skepticism as a component of audit quality.