The Use Of Modern Risk-oriented Audit In Small And Medium-sized Accounting Firms

With the changing economic environment and evolution, since the 1990s, the traditional risk-oriented auditing methods are not suited growing increasingly complex economic environment, a new audit methodology - modern risk-oriented audit approach came into being.As a new model of the audit method, modern risk-oriented audit has its strategic and ideological guidance to risk assessment system of major error report and the entire audit process, to analysis the operating risk of the units to be audited, through comprehensive evaluation to determine the scope, timing and procedures of the real risk testing, which also known as Risk-based strategic systems auditing methods, its core idea is primarily due to audit risk coming from enterprise operational risks.At present domestic scholars books and papers of most of the modern risk-oriented audit application in China to define targets for large accounting firm, in contrast, the audit of the application in small and medium-sized accounting firm is very little. In the beginning of the paper, the author analysis the current domestic accounting firms, which are with the existing traditional mode, unable to adapt to an increasingly complex economic environment, then discuss the modern risk-oriented audit, in conjunction with cases, the paper studies the implementation of modern risk-oriented auditing methods used in small and medium-sized accounting firms, draws the following conclusions: small and medium-sized accounting firms also has the requirements to implement modern risk-oriented audit, which is feasible in practice, reflected in the modern risk-oriented audit approach giving more comprehensive and in-depth understanding of risk, in these two areas have demonstrated the advantages, those are the allocation of audit resources is more targeted and considering an important area of comprehensive auditing; small and medium-sized accounting firm in the audit of the implementation of the project can absorb modern risk-oriented concept of the risk of audit, risk assessment procedures with Traditional auditing methods design of the implementation of targeted auditing procedures to achieve optimal results.