ON POSSIBILITY OF USE OF RESULTS OF ACCOUNTING POLICY ANALYSIS FOR AUDIT RISK MANAGEMENT
V.P. Kozlov
Siberian State Industrial University, Novokuznetsk
Keywords: inherent risk, risk of means of control, risk management, accounting policy, analysis, audited body, audit evidence, professional judgment of auditor
Abstract
The article stated issues of management of inherent risk of audited body. The article is devoted to description of possibility of use of accounting policy analysis for audit risk management. The influence of accounting policy monitoring at pre-planned stage and in the process of risk verification of significant misstatements of accounting is shown. An example of practical implementation of the suggested approach is given.
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