It is necessary to emphasise the importance of audit firms in Jordan and similar contexts educating auditors and supervising them on the importance of dealing with fraud risk factors in a financial statement audit, since many of these may potentially cause an incentive or an opportunity to commit fraud. This is particularly important for audit firms in developing countries that are members of international audit firms and have to apply a worldwide audit methodology and programme of detailed procedures. The international audit firm should monitor the application of these procedures and continuously educate its audit members around the world as to the importance of fraud risk factors and modifying audit programmes as a result. A similar responsibility of monitoring and educating auditors and supervising their performance lies with audit associations and regulatory authorities in Jordanand other developing countries.