Audit risk and materiality threshold - towards economic risk and audit failure

摘要

The audit risk, as defined by SAS 107 "Audit Risk and Materiality in Conducting an Audit", represents the positive opinion of an auditor of financial statements that are materially misstated, opinion that unknowingly failed to be appropriately modified. Based on the model recommended by SAS 107 we propose an audit model that depends on sampling and presents the assessment of the audit risk by determining not only the inherent risk, control risk but the risk of not detecting errors linked with sampling, result of audit work sheets elaboration depending on statistical techniques.