ТЕОРЕТИКО-МЕТОДИЧНІ АСПЕКТИ МІНІМІЗАЦІЇ АУДИТОРСЬКИХ РИЗИКІВ СЛУЖБАМИ ВНУТРІШНЬОГО АУДИТУ

Abstract

The article presents an overview of approaches to assessing audit risks by internal audit services, and an analysis of ways to minimize them. It was found that the preliminary and final assessments of audit risk in general and its components are significantly differing. Moreover, in an audit by internal audit services, changes in judgment about the amount of individual components of audit risk can change several times during the audit period as additional information becomes available. But taking this into account this moment it will be allow more accurately assess the components of audit risk and develop certain recommendations to minimize it. The author's proved that for internal audit services in developing measures to minimize audit risks, it is first necessary to answer the question of the rationality of risk assessment at the planning stage, if the judgment about it would be changed during the audit. A change in the audit risk assessment necessitates changes in the Audit Plan and Program. Therefore, the authors of the article made a proposal to compile a verification program after testing. For this, testing should be the first step of the audit. In other words, we propose to make changes in the sequence of actions of the auditor during the audit: first assess the risk (this may mean an audit of cash, banking transactions and settlements with accountable persons), and only then draw up an audit program. The author's proposed improvement of the audit risk assessment methodology which will allow compiling an audit program based on real data on the state of the internal control environment, to reduce labour costs when making changes to the audit procedure. These recommendations will improve the quality of the test, because any changes to the program during the test are less reasonable than the program developed on the basis of actually confirmed numerical data and as a whole.