The formation and control of audit risk
Gen Zhang
Abstract
Gen Zhang
Abstract
In this essay,to begin with,the concept of audit risk is clarified.Then the objective factors,the subjective factors and the inevitable innate factors of audit methods themselves,which contribute to the formation of audit risk are analyzed respectively.Finally in order to control audit risk and to decrease and avoid the loss due to audit risk,several countermeasures that may be taken are put forward.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
In this essay,to begin with,the concept of audit risk is clarified.Then the objective factors,the subjective factors and the inevitable innate factors of audit methods themselves,which contribute to the formation of audit risk are analyzed respectively.Finally in order to control audit risk and to decrease and avoid the loss due to audit risk,several countermeasures that may be taken are put forward.
Key concepts: Audit, Audit risk, Business, Control (management), Control environment, Audit plan, Risk management, Order (exchange)