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Abstract

This study aims at identifying the impact of the discovered errors on the materiality of the auditing, and identifying the role of the external auditor in discover the fraud and possible errors, besides identifying his role in determine the materiality of the auditing. In order to achieve the purposes of the study, a questionnaire has been designed and distributed among the study random sample that consisted of 120 auditors from 10 audit firms, and 103 of the total number of questionnaires were recovered, i.e., (85.8%). The results of the study indicated that there is a middle impact of the errors discovered on the materiality of the auditing, and the role of the external auditor which based on the discovery of fraud and possible errors was high, as well as there is high role for the external auditor in determine the materiality of the auditing. The study recommended the need for developing legislation and regulations that prevent distortion and manipulation in the published financial statements issued by the Jordanian public shareholding companies, so that these legislations include penal sanctions work to reduce fraud and manipulation practices.