الفهرس 
Chapter One: General Framework of the StudyOnly 14 pages are availabe for public view
 |  | from | 189 |  |  |
| | | from | 189 | | |
Abstract
The assessment of the audit risk components is considered one of the most crucial steps in the audit process as it affects the effectiveness of the subsequent audit procedures and the overall audit quality. The audit risk three components (inherent, control, and planned detection risks) should be assessed during the audit planning phase and they may be revised as the audit progresses.
Cybersecurity risks should be assessed and considered by external auditors during the assessment of the audit risk components even before the occurrence of a cybersecurity incident. On the other hand, if a cybersecurity incident occurs during the audit fieldwork, external auditors should update their preliminary assessment of the audit risk components in order to mitigate the negative effect of this incident.
The current study seeks to determine the impact of cybersecurity risks and incidents on the assessment of the three audit risk components during planning and carrying out the audit process. The researcher collected the data using a questionnaire that was distributed to external auditors affiliated with different audit firms in the Arab Republic of Egypt. 208 external auditors participated in this study, and multiple linear regression models were applied to test the study’s six hypotheses. The findings of the study reveal that cybersecurity risks have a significant positive impact on the preliminary assessment of the inherent, control, and planned detection risks and that this preliminary assessment should be revised if a cybersecurity incident takes place during the audit process. Consequently, all the study hypotheses are accepted.