Based On The Career Of The Modern Risk-based Audit To Determine

It's necessary to exercise professional judgment in auditing in the process of planning and executing auditing, and reporting the result. Only by professional judgment in auditing, could the auditors declare their opinions with independency, objectivity and integrity. It is not exaggerative to say, the quality of audit is the quality of auditing judgment. The modern risk-based audit starting with risk evaluating which impenetrate all audit process is a new auditing mode. The modern risk-based audit brings forward higher request to professional judgment in auditing. For some kinds of reasons, the research condition of professional judgment in auditing is still to be improved, and judgment practice exist many problems in China. But just about that problem above offer us a fair opportunity to study on professional judgment in auditing.This text mostly use normative method to make a study on professional judgment, which including basic theory of professional judgment in auditing, professional judgment's new characteristics and significance based on the modern risk-based audit, the new auditing mode's further request to professional judgment. This text also uses empirical method to study the status of professional judgment in China, and puts forward the another interrelated suggestion about how to advance professional judgment. This article is made up of five parts:The introduction gives the reason of choosing this subject, and present a brief study status about this subject in domestic and overseas.The first part introduces the basic theory of professional judgment in auditing, which includes its definition, cause of formation and mainly discuss the element of professional judgment in auditing, that make us understand the professional judgment in auditing clearer.The second part analyzes the characteristics of professional judgment in auditing and its significance on the basis of modern risk-based audit. We first introduce what modern risk-based audit is. Secondly discuss the professional judgment in auditing to the influence of modern auditing environment, which mainly includes the change of commissioned responsibility, increasing competition pressure in industry, etc. Further analyze the professional judgment in auditing' characteristics and significance on the basis of modern risk-based audit.The third part mainly discusses the professional judgment in the auditing procedure of modern risk-based audit. We discuss the practice of the auding professional judgment mainly according to the auditing flow of modern risk-based audit.In the forth part, we discuss the status of professional judgment in auditing in China, based the research of CICPA's inspect of auditing quality and inspect results of national audit office. We summarize the weaknesses of our professional judgment, and consider the professional judgment in auditing level is insufficient despite big or small CPA firms' CPAs. We put forward some suggestions aiming at improving the level of professional judgment.