Home  Journals  International Accounting  25(271) - 2013 July

Decomposition of planning auditor procedures from the position of risk-oriented approach

Available online: 30 June 2013

Subject Heading: AUDIT ACTIVITY

JEL Classification: 

The main direction of the transformation of audit approach is to focus attention on the auditor's assessment of the risks that could affect the distortion of financial statements. The author's model the assessment of risks in conditions risk-oriented approach to audit is presented. In model three evaluation stages of risks are allocated: the first stage - assessment of an inherent risk; the second stage - assessment of risk means the internal control; the third stage - assessment of risks material misstatement of in the accounting statements. In development of model of assessment of risks are developed: the module of assessment inherent risk and the module of assessment risk of means of the internal control.

Keywords: audit procedures, assessment of an inherent risk, assessment of risk means internal control, assessment of risk material misstatement, risk-oriented approach

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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