Auditing practice challenges and obstacles in 21st century : the palestinian experience

الملخص EN

This study aimed to show the need of local financial language that was born to meet new challenges in auditing practice and look at obstacles that still at the Palestinian community level a subject of modern discussion.

Using the descriptive analytical approach the study shows that the auditing profession practitioners in Palestine are able to experience the accounting diversity phenomenon, reassessing audit strategy should be confirmed by the fully understand of daily business activities, good communication with clients, and the application of ISA's in Palestine is marred by several obstacles.

The study recommends that companies have to study carefully the accounting diversity in the local environment and strengthen the overall analysis and review related transactions, and issue local standards for auditing or adopt in principle international standards and apply them compulsively in all companies.