Eng During last 365 days Approved articles: 2075,   Articles in work: 296 Declined articles: 803 
Library

Back to contents

Financial Law and Management
Reference:

Formalizing the Assessment of Audit Risk In the Condition of Uncertainty
Vasilenko Alla Aleksandrovna

PhD in Economics

Associate Professor of the Department of Audit at Rostov State University of Economics

344002, Russia, Rostovskaya oblast', g. Rostov-Na-Donu, ul. B. Sadovaya, 69

allvasilenko@yandex.ru

Abstract.

The subject of the research is the assessment of audit risk in relation to qualitification for preparation of accounting statements. Vasilenko analyzes all stages of making fuzzy inference about audit risk. The researcher focuses on the input linguistic variable (the degree of non-observance of qualification for preparation of accounting statements) and ouput linguistic variable (the level of risk of material misstatement). Vasilenko presents his own software that is designed to analyze the influence of non-observance of qualification for accounting statements on the amount of risk of material misstatement using the fuzzy sets tool. The main research method used by the uthor is the fuzzy logic. The audit risk is evaluated using the qualitative and quantittive means based on a professional auditor opinion. The novelty of the research is caused by the fact that the author applies new definitions of the audit methodology: 'non-observance of qualificiation for preparation of accounting statements' and 'degree of non-observance of qualification for preparation of accounting statements'. The range of misstatement values that defines the level of non-observance is the value multiple of materiality level. The model of using fuzzy sets in the process of material misstatement risk evaluation compared to the degree of non-observance allows to develop rules that reflect different aspects of uncertainty related to the use of a professional auditor opinion.

Keywords: international audit standard, material misstatement, audit risk, computer program, financial statement assertions, fuzzy sets, audit, materiality, auditors professional judgment, uncertainty

DOI:

10.7256/2454-0765.2018.2.28303

Article was received:

07-12-2018


Review date:

07-12-2018


Publish date:

09-12-2018


This article written in Russian. You can find full text of article in Russian here .

References
1.
Mezhdunarodnye standarty audita i kontrolya kachestva. Chast' 1 [sbornik]: v 3 t. / Mezhdunarodnaya Federatsiya Bukhgalterov (MFB). Kirov, 2012. T. 1. 528 s.
2.
Zade L. A. Ponyatie lingvisticheskoi peremennoi i ego primenenie k prinyatiyu priblizhennykh reshenii. M., 1976. 165 s.
3.
Zadeh, L. A. Fuzzy Sets. // Information and Control. 1965. Vol. 8, 3. P. 338-353.
4.
Ukhobotov, V. I. Izbrannye glavy teorii nechetkikh mnozhestv : ucheb. posobie / V. I. Ukhobotov. Chelyabinsk : Izd-vo Chelyab. gos. un-ta, 2011. 245 s.
5.
Arzhenovskii S. V., Bakhteev A. V., Slobodyan A. S. Logit-modeli dlya otsenki riska prednamerennogo iskazheniya finansovoi otchetnosti rossiiskikh bankov. // Ekonomicheskii analiz: teoriya i praktika. 2017. Tom 16. 8. S. 1567-1582.
6.
Bakhteev A. V., Arzhenovskii S. V. Obosnovanie tselesoobraznosti primeneniya logiko-veroyatnostnogo podkhoda v kachestve instrumenta otsenki riskov v audite. // Uchet i statistika. 2017. 1. S. 25-33.
7.
Deinega V. N., Kurakova S. V. Vliyanie metoda otsenki riska neobnaruzheniya na snizhenie riska sushchestvennogo iskazheniya finansovoi otchetnosti. // Teoriya i praktika obshchestvennogo razvitiya. 2017. 4. S. 58-61.
8.
Kochinev Yu. Yu., Lukashevich N. S. Otsenka auditorskogo riska na osnove nechetkoi logiki // Nauchno-tekhnicheskie vedomosti Sankt-Peterburgskogo gosudarstvennogo politekhnicheskogo universiteta. Ekonomicheskie nauki. 2011. 6 (137). S. 248-253.
9.
Kochinev Yu. Yu. Modelirovanie auditorskogo riska pri planirovanii audita. // Audit i finansovyi analiz. 2006. 4. S. 127130.
10.
Intuit. Natsional'nyi otkrytyi universitet. Lektsiya 6. Nechetkie mnozhestva. URL: http://www.intuit.ru/studies/courses/3681/923/lecture/22883?page=1.
11.
Vasilenko A. A. Programma dlya issledovaniya vliyaniya nesoblyudeniya predposylok sostavleniya bukhgalterskoi otchetnosti na velichinu auditorskikh riskov. Svidetel'stvo o gosudarstvennoi registratsii programmy dlya EVM.- 2016613438 ot 28.03.2016.-M.: Federal'naya sluzhba po intellektual'noi sobstvennosti, 2016. URL: http://www1.fips.ru/fips_servl/fips_servlet