Auditor Risk Assessment: Insights from the Academic Literature

Autor:	Robert J. Ramsay, Robert D. Allen, Dana R. Hermanson, Thomas M. Kozloski
Rok vydání:	2006
Předmět:	Actuarial science business.industry Financial risk Inherent risk (accounting) Accounting Audit risk IT risk management IT risk Enterprise risk management business Risk assessment Psychology Risk management
Zdroj:	Accounting Horizons. 20:157-177
ISSN:	1558-7975 0888-7993
DOI:	10.2308/acch.2006.20.2.157
Popis:	To contribute to the PCAOB project on risk assessment in financial statement audits, we draw on the academic literature to offer insights and conclusions on the risk-assessment process. We use the PCAOB's (2005) recent briefing paper on risk assessment as the organizing framework for our literature review, and we examine academic auditing literature addressing topics including business risk, inherent risk, control risk, fraud risk, linking risk assessments to subsequent testing, and the audit risk model. Overall, we believe that the results of academic research are consistent with the PCAOB staff's apparent reconsideration of the auditor's risk-assessment process. We conclude with identification of future research topics and recognition of barriers to performing research that is relevant to standard setters.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::34c0ba12e5e1160ba8119178a8dc829b https://doi.org/10.2308/acch.2006.20.2.157 Zobrazit plný text záznamu Plný text ve formátu PDF