The Accounting and Auditing Profession in Jordan: Its Origin and Development

Abstract

This study reviews the historical development of accounting the auditing profession in Jordan. It investigates the social, economic, and political factors which have affected the accounting and auditing profession in Jordan. In addition, this study tracks the development of the accounting and auditing profession themselves and the related commercial legislations since the beginning of the twentieth century to the current era, with the aim of providing a general background about the development of accounting and auditing in Jordan. The findings indicate that the Anglo-American model was adopted in accounting as a result of social, political, and economical factors. Also, Jordan is currently committed to financial reporting standards and international auditing standards.

Keywords: Accounting; Auditing profession, Emergence, Development, Financial reporting