The importance of passing the examination to practice the profession of accounting and legal auditing as a condition for obtaining a license to practice the profession in Libya

Abstract

This study aimed to identify the importance of passing the exam to practice the profession of accounting and legal auditing as a condition for obtaining a license to practice the profession in Libya, from an academic point of view represented by accounting professors in Libyan universities and a professional point of view represented by external auditors practicing the profession in the city of Tripoli, and to achieve the objectives of For the study, a questionnaire form was designed and directed to a sample of them. The data collected through the questionnaires was analyzed using a set of appropriate statistical methods represented by descriptive statistical methods. To test the study hypotheses, a test was used. One sample T-test, and the results of the study showed that both accounting professors in universities and auditors practicing the accounting profession agreed on the importance of passing the examination for practicing the profession of accounting and legal auditing as a condition for obtaining a license to practice the profession in Libya. The study included a set of recommendations, the most important of which is the necessity of amending the law. No. 116 of 1973 AD, or establishing a new law for the profession that obliges anyone who wishes to practice the profession of a certified public accountant and auditor to pass the exam to obtain a license to practice the profession, and that whoever passes the profession exam must be granted the Libyan Certified Public Accountant (LCPA: Libyan Certified Public Accountant) certificate.