Chuyên Đề Thực Tập Assessment And Recommendation For Improving The Audit Risk Evaluation.pdf

TABLE OF CONNTENT

LIST OF TABLE...........................................................................................................................2

INTRODUCTION.........................................................................................................................3

CHAPTER I: THEORETICAL FRAMEWORK OF AUDIT RISK EVALUATION IN

FINANCIAL STATEMENT AUDIT...........................................................................................4

1.1. Audit risk in the Financial Statement Audit...........................................................4

1.1.1. Definition......................................................................................................................4

1.1.2. Types of Audit risks.....................................................................................................5

1.2. Evaluation of Audit Risk in Financial Statement Audit..........................................9

1.2.1. Determine the level of desired audit risk...................................................................9

1.2.2. Inherent Risk Assessment.........................................................................................11

1.2.3. Control Risk Assessment...........................................................................................13

1.2.4. Detection Risk Assessment........................................................................................15

CHAPTER II: CURRENT SITUATION OF AUDIT RISK ASSESSMENT IN

FINANCIAL STATEMENT AUDIT IN VIETNAM...............................................................17

2.1. The development of auditing in Vietnam.............................................................17

2.2 Current status of audit risk assessment process in Vietnam...................................17

2.2.1. Audit risk assessment................................................................................................17

2.2.1.1. Risk assessment in terms of financial statement..................................................17

2.2.1.2 Audit risk assessment in terms of account balance and type of operations a.

Inherent risk assessment in terms of account balance and type of operations..............21

Chapter III: ASSESSMENT AND RECOMMENDATION FOR IMPROVING AUDIT

RISK EVALUATION..................................................................................................................23

3.1. A general assessment of the process of audit risk assessment in current financial

statements in Vietnam.............................................................................................23

3.1.1. Strengths.....................................................................................................................24

3.1.2. Weakness....................................................................................................................24

3.3.2. Solution for improving audit risk evaluation..........................................................25

CONCLUDE.................................................................................................................................27

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LIST OF TABLE

Table 1.1: Relationship between risks and audit evidences……………………………….9

Table 1.2. Risk matrix detection…………………………………………….……….….16

Table 2.1: Inherent Risk Assessment in terms of Financial Statements of the AASC….19

Table 2.2: Internal Control of Customers conducted by AASC…………………….…..21

Table 2.3: Conclusions on inherent risks in terms of account balance and type of

operations performed by the AASC…………………………………………………….22

Table 2.4: Synthesized audit risk assessment for each account on the financial report

made by the AASC………………………………………………………………….…..23

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