The Risks In The Audit Activity

Maria Moraru () and Franca Dumitru ()
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Maria Moraru: West University of Timisoara, Romania
Franca Dumitru: “Tibiscus” University of Timisoara, Romania

Annals of the University of Petrosani, Economics, 2011, vol. 11, issue 3, 187-194

Abstract: Following the bankruptcy of large firms (Enron, Parmalat, WorldCom) due to incompetence and failure of procedures is necessary to improve the audit work, paying special attention to risk management and taking into account the recommendations of the auditors. This paper presents a detailed analysis of risks that may arise in financial audit of how risk assessment and the factors involved in their estimation.

Keywords: auditor acceptable audit risk; inherent risk; control risk; detection risk (search for similar items in EconPapers)
JEL-codes: M41 M49 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:11:y:2011:i:3:p:187-194

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