Statistical Techniques Asissting the Audit Based on the Risk

Author:PhD. Alexandru RUSOVICI, PhD student Graziela FILIBOGA

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Keywords:statistical techniques, population, sample, probative documents, risk factor, risk

Abstract:
„The Audit based on the risk” may be one of the most significant and exciting parts of the development in the audit profession history. Since year 1941, when the (International) Internal Auditors Institute was settled, for over 50 years of activity, the attention of this sector’s practitioners have confronted a large amount of problems, some of them being vital, but all of them being overstepped.\r\n\r\nOne of our working concepts is that of combining the theoretical activity and the practical spirit, of present interest, which proved to be useful for all internal auditors. The issue that we are bringing to the attention of the “Financial Audit” magazine readers is meant to assist the practitioners. It is a short stop for understanding the risk factors and the risks that financial and internal auditors are confronting with, in their work. The content is orientated to the articles of our legislation, to the International/ national Standards of Financial Audit and to the praxis of Internal Audit, as well as to the professional practical experience.\r\n\r\nAssisted by these coordinates, the article tries to remind its readers about the 5 areas of audit fundamental concernments, visible in the given domain:\r\n• Compliance and efficacy of the internal audit;\r\n• Safeguard measurements of the assets;\r\n• Entity’s financial system;\r\n• Capital investment efficiency;\r\n• The efficiency of undeveloped systems in the economic entities.

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