Risk assessment in performance auditing: a review of approaches and methods

Abstract

Performance auditing has evolved over time from a focus on error and fraud detection to a more comprehensive and strategic approach. The main objective of this study was to analyze and compare traditional and modern approaches to performance auditing. A non-experimental and qualitative methodological approach was used, based on a documentary review of indexed academic sources. The results revealed a significant transition in auditing practices, with the modern approach oriented towards continuous improvement and risk anticipation. The importance of adopting advanced technologies, such as artificial intelligence, to improve audit efficiency and effectiveness was highlighted. In conclusion, performance auditing plays a conclusive role in process improvement and informed decision making, contributing to the achievement of organizational objectives and the maintenance of high standards of performance and transparency.