Revisiting the Application of a Risk-Oriented Audit Approach
DOI:
https://doi.org/10.18502/kss.v3i2.1571Abstract
This paper discusses the basic understanding of auditing, implemented using approaches and risk management techniques. It emphasizes that such an approach requires the system consideration at all stages: at the stages of planning, collecting audit evidence and completing the project, including the preparation of an audit opinion. Aside from that, the paper presents audit procedures for all phases of the audit which is implemented with account of the risk-oriented approach. The analytical part and the conclusions drawn at end of the work are based on a large number of literature data.
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