How Does Official Audit Organization Avoid and Prevent Audit Risk
Min Cao
Abstract
Min Cao
Abstract
Audit risk is an important problem that an auditor must faces in his work. This problem can play an importantpart in the efficiency and results of audit work. This paper, in terms of official audit, explains the causes of audit risk, and suggests different methods that can avoid audit risk and reduce the risk to an acceptable level. These methods include innovating the existing audit system, establishing quality control rules, strictly observing audit regulations, strengthening the risk realization of auditors and renewing the existing audit methods.
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Audit risk is an important problem that an auditor must faces in his work. This problem can play an importantpart in the efficiency and results of audit work. This paper, in terms of official audit, explains the causes of audit risk, and suggests different methods that can avoid audit risk and reduce the risk to an acceptable level. These methods include innovating the existing audit system, establishing quality control rules, strictly observing audit regulations, strengthening the risk realization of auditors and renewing the existing audit methods.
Key concepts: Audit, Audit plan, Audit risk, Joint audit, Business, Information technology audit, Internal audit, Quality audit