Discussion on the Audit Risk and Its Relation with the Audit Importance Level and the Audit Evidence

Starting from the concepts of the audit risk, audit importance level and the audit evidence, this paper expounds three representative forms of the audit risk, and probes into the relation of the audit risk with the audit importance level and the audit evidence, which possesses important reference values for grasping the audit important level, collecting the audit evidence, and controlling the audit risk properly.