Shaping the incertitude in the risk assessment specific to financial auditing

Author:PhD. Laura-Diana GENETE

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Keywords:analyze, inherent risk, estimations, models, trust functions

Abstract:
Risk assessments determine the scope of the auditing and have important audit efficiency and effectiveness implication. Recent changes in the audit environment have increased the need for audit firms to maintain uniform audit quality and for this audit risk has to determine as accurately as could be. In present are some models that treat the uncertainty which was adopted for financial statement auditing like international standard model, Bayesian model and belief-function model. \r\n\r\nThis paper presents the best known uncertainty models in financial statement auditing.

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