Audit Risk and Materiality_en

Table of contents

Introduction

Part 1:audit risk

1-1 Overview

1-2 Definition.

1-3 Main features of audit risk

1-4 Why is Audit Risk so Important to Auditors?

1-5 A Practical Approach to Understanding Audit Risk

1-5-1 Top Down Approach to Audit Risk

1-5-2 Determining the Nature and Extent of Audit Tests Based Upon Audit Risk

1-5-3 summary

1-6 Audit risk model.

1-6-1 Overview of model

1-6-2 Technical Briefing About the Model

1-6-3 Audit Risk Model for Planning

1-6-4 Types of audit Risks

A. Inherent risk.

B. Control risk.

C. Detection risk.

1-7 Risk assessment.

1-8 Impact of Engagement risk in audit risk.

1-9 Limitation measurement of audit risk model

1-10 Relationship of risk to audit evidence

1-11 Audit risk for segment

1-12 Historical Perspective of the Model in GAAS

1-13 Summary of provisions of recently issued Exposure Drafts by IFAC

1-14 Is risk quantifiable?