QUALITATIVE, SEMI-QUANTITATIVE AND, QUANTITATIVE METHODS FOR RISK ASSESSMENT: CASE OF THE FINANCIAL AUDIT
Laura-Diana Radu ()
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Laura-Diana Radu: Business Administration Department, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University
Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2009, vol. 56, 643-657
Risk assessment is a critical step in achieving and defining the audit. Under these conditions, the concerns for developing the best methods in this field are varied. Both at practical and theoretical lev-el, in auditing, but also in other activities, are numerous qualitative, semi-quantitative and quantitative methods which try to estimate individual components of risk for a result to better reflect the reality. However, in our days, there is now a universally accepted method, able to predict and as-sess all events and actions carry risks. In this paper are presented, with examples, the three main categories of risk evaluation methods (quantitative and semi-quantitative and qualitative) and how they can be applied in auditing, trying to identify the method that best meets the actual requirements of a specific mission.
Keywords: auditing; risk evaluation; quantitative methods; qualitative methods (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:aic:journl:y:2009:v:56:p:643-657
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