Comparison Analysis of Risk Factor Between Traditional and Modern Risk-based Audit

Risk factor is the first problem to be considered in risk-based audit. We must make it clear where the risk is in order to provide the guidance and point out the direction for the next step audit. This thesis expound on some limitations in risk factors analysis of traditional risk-based audit. As based, we raise up the particular content that can be included in risk factors of modern risk-based audit. Then make a comparison between them.