The Theoretical and Empirical Approaches to the Definition of Audit Risk
The risk category is one of the key factors in planning the audit and assessing its results. The article is aimed at generalizing the theoretical and empirical approaches to the definition of audit risk and methods of its reduction. The structure of audit risk was analyzed and it has been determined...
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2017-12-01
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| Series: | Bìznes Inform |
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| Online Access: | http://www.business-inform.net/export_pdf/business-inform-2017-12_0-pages-365_369.pdf |
| _version_ | 1819104542530207744 |
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| author | Berezhniy Yevgeniy B. |
| author_facet | Berezhniy Yevgeniy B. |
| author_sort | Berezhniy Yevgeniy B. |
| collection | DOAJ |
| description | The risk category is one of the key factors in planning the audit and assessing its results. The article is aimed at generalizing the theoretical and empirical approaches to the definition of audit risk and methods of its reduction. The structure of audit risk was analyzed and it has been determined, that each of researchers approached to structuring of audit risk from the subjective point of view. The author’s own model of audit risk has been proposed. The basic methods of assessment of audit risk are generalized, the theoretical and empirical approaches to its definition are allocated, also it is noted, that application of any of the given models can be suitable rather for approximate estimation, than for exact calculation of an audit risk, as it is accompanied by certain shortcomings. |
| first_indexed | 2024-12-22T02:08:01Z |
| format | Article |
| id | doaj.art-986893495195469e9ede92fac56bf871 |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-12-22T02:08:01Z |
| publishDate | 2017-12-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-986893495195469e9ede92fac56bf8712022-12-21T18:42:29ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2017-12-0112479365369The Theoretical and Empirical Approaches to the Definition of Audit RiskBerezhniy Yevgeniy B. 0Candidate of Sciences (Economics), Associate Professor, Department of Statistics, Accounting and Auditing, V. N. Karazin Kharkiv National UniversityThe risk category is one of the key factors in planning the audit and assessing its results. The article is aimed at generalizing the theoretical and empirical approaches to the definition of audit risk and methods of its reduction. The structure of audit risk was analyzed and it has been determined, that each of researchers approached to structuring of audit risk from the subjective point of view. The author’s own model of audit risk has been proposed. The basic methods of assessment of audit risk are generalized, the theoretical and empirical approaches to its definition are allocated, also it is noted, that application of any of the given models can be suitable rather for approximate estimation, than for exact calculation of an audit risk, as it is accompanied by certain shortcomings.http://www.business-inform.net/export_pdf/business-inform-2017-12_0-pages-365_369.pdfauditaudit riskaudit risk assessmentrisk of undetectingrisk of controlinherent risk |
| spellingShingle | Berezhniy Yevgeniy B. The Theoretical and Empirical Approaches to the Definition of Audit Risk Bìznes Inform audit audit risk audit risk assessment risk of undetecting risk of control inherent risk |
| title | The Theoretical and Empirical Approaches to the Definition of Audit Risk |
| title_full | The Theoretical and Empirical Approaches to the Definition of Audit Risk |
| title_fullStr | The Theoretical and Empirical Approaches to the Definition of Audit Risk |
| title_full_unstemmed | The Theoretical and Empirical Approaches to the Definition of Audit Risk |
| title_short | The Theoretical and Empirical Approaches to the Definition of Audit Risk |
| title_sort | theoretical and empirical approaches to the definition of audit risk |
| topic | audit audit risk audit risk assessment risk of undetecting risk of control inherent risk |
| url | http://www.business-inform.net/export_pdf/business-inform-2017-12_0-pages-365_369.pdf |
| work_keys_str_mv | AT berezhniyyevgeniyb thetheoreticalandempiricalapproachestothedefinitionofauditrisk AT berezhniyyevgeniyb theoreticalandempiricalapproachestothedefinitionofauditrisk |