ON DEFINING THE CONCEPT OF "AUDIT RISK" IN THE MODERN REGULATORY FRAMEWORK
Abstract
The category of "audit risk" is one of the fundamental aspects of auditing. Conducting an audit is always associated with audit risk, as there is a risk of confirming the reliability of financial statements when they contain material misstatements or recognizing material misstatements when they actually do not exist.
References
1. Federal rule (standard) of auditing activities. "Materiality and
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5. Federal Rule (Standard) of Auditing Activities (FPSAD) No. 8 "Assessment of Auditing Risks and Internal Control осуществляемый аудируемым лицом": approved by the Decree of the Government of the Russian Federation No. 696 dated September 23, 2002 [Electronic resource] // Access: http//base. сoncultant.
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12. Federal Rule (Standard) No. 8 "Understanding the Auditee's Activities, the Environment in Which They Are Carried Out, and Assessing the Risks of Material Misstatement
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Review
For citations:
Kozlov V. ON DEFINING THE CONCEPT OF "AUDIT RISK" IN THE MODERN REGULATORY FRAMEWORK. Bulletin of the Siberian State Industrial University. 2014;(1):53-57. (In Russ.)
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