A note on Bayesian risk models of audit practice*

Wally Smieliauskas

Contemporary Accounting Research, 1989, vol. 5, issue 2, 720-732

Abstract: Abstract. This note identifies some new issues associated with the use of discrete Bayesian risk models in auditing. The major findings are that for sequential revision, discrete Bayesian risk models may need to be used in a different way than suggested by the professional literature, and some modifications are proposed to the CICA (1980) multiple revision risk model in order to make it more general. Résumé. L'auteur recense certaines questions nouvelles associées à l'utilisation des modèles de risques bayesiens discontinus en vérification. L'étude révèle principalement que dans le cas de l'examen séquentiel, les modèles de risque bayesiens discontinus peuvent devoir être utilisés d'une façon différente de celle que suggèrent les ouvrages spécialisés, et l'auteur propose d'apporter certaines modifications au modèle de risque à révisions multiples de l'I.C.C.A. (1980) afin d'en rendre la portée plus générale.

Date: 1989
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https://doi.org/10.1111/j.1911-3846.1989.tb00735.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:coacre:v:5:y:1989:i:2:p:720-732

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