Modern Risk-based Audit Study

IAASB released three new principles about auditing risk in October 2003. And implemented in December 2004. CICPA also released the drafts of four new auditing risk principles in October 2004. As an important mode of auditing, modern risk-oriented auditing have attracted the wide attentions of inside and outside of the trade. The practice of auditing will change into the modern risk-oriented auditing mode. This thesis based on a great deal of materials and data to give a research on the problems of the modern risk-oriented auditing mode. Expecting the wide usage of the new mode in the auditing practice to promote the development of our independent audit enterprise.This thesis can be divided into four sections.The first section introduces the evolvement of auditing mode and the background of the modern risk-oriented auditing mode.The second section introduces the meaning of the auditing risk, the function of the auditing risk model, the basic form and excellences of the new model. At last introduces the basic auditing procedure.The third section discloses the differences between traditional and modern risk-oriented auditing. And analyses the connotation of the modern risk-oriented auditing mode.The fourth section shows the necessities and obstacles of using the new method in China. Then put forward the relevant suggestion to these questions.As a new auditing mode, modern risk-oriented auditing has embodied its science and validity on both theory and practice. We are supposed to study theories and methods of modern risk-oriented auditing actively, and combing the concrete condition in our country, to perfect the working environment step by step, so as to make it serve better for the independent audit enterprise of our country.