General Scheme of Risk – Oriented Audit Stages
Abstract
The article examines the problem of applying risk-oriented approach in audit. A risk-oriented approach on the one hand allows to increase efficiency of auditors’ activity, the level of compliance with mandatory requirements, and on the other hand, to avoid the excessive inspections’ procedures in the formation of a scientifically grounded framework of reasonable sufficiency inherent to each specific audit. At the same time, risk-oriented approach needs to create its own methodological base, develop methodologies and relevant accompanying documents, and, most importantly, train personnel capable of implementing this innovative methodology. For this reason, topic of this paper is extremely relevant.
Keywords: audit, risk-oriented approach, planning, accounting (financial) statements
References
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[6] Leonov P. Y., Candidate of Economic Sciences, auditor, Associate Professor of the department №75 «financial monitoring», National Research Nuclear University MEPhI, Moscow, Russia, ORCID: 0000-0002-3415-2702
[7] Leonova E.K., undergraduate student of international finance faculty, Financial University under the Government of the Russian Federation, Moscow, Russia, ORCID: 0000-0002-8544-0376
[8] Veselova E. A., master student of the department №75 «financial monitoring», National Research Nuclear University MEPhI, Moscow, Russia, ORCID: 0000-0001- 7814-1477
[9] Kotelyanets O. S., master student of the department №75 «financial monitoring», National Research Nuclear University MEPhI, Moscow, Russia, ORCID: 0000-0001- 5343-891X