"risk" In The Modern Risk-based Audit Model Discrimination

At present ,in research on 'risk' of modern risk-oriented audit, scholars who hold different viewpoints have separately proposed 'audit risk', 'enterprise operation risk', 'management fraud risk', 'significant misstatement risk', 'lawsuit risk' and 'corporate management systemic risk' as oriented audit pattern, and thus derived the corresponding audit procedures to guide practice work. The key that risk-oriented audit can be the effective implementation in audit is to define 'risk' concept of the pattern. CPA takes it as a starting point and makes the audit plans and audit procedures in line with the situation of the enterprises, and will consider the risks throughout the entire audit process. This paper, therefore, mainly defines the 'risk' concept of modern risk-oriented audit, and instructs auditing work with this risk.The paper mainly uses standardize research, integrating use of comparative analysis, qualitative analysis and other research methods. The content is divided into five chapters:Chapter I based on short introduction, comparison and analysis of these different 'risk' concepts of modern risk-oriented audit, proposes the problem that what 'risk' should be taken as oriented in modern risk-oriented audit.Chapter II from the theoretical analysis, audit stems from society demands, thus the audit demands are the basic factor affecting the audit pattern. The audit demands theory has 'fiduciary duty theory', 'information theory' and 'insurance theory', and the audit objective of the three theories is different. Along with the gradual attention of enterprise social responsibility, the 'information theory' can manifest its superiority in the audit relationships.Chapter III analyzes audit relationships between people's demand differences, and they have varied to the risk attention. Because the audit demands are the fundamental factor affecting the audit pattern, CPA should pay attention to the risk that the anticipated users concern in audit process. The main anticipated users include the operator, the shareholder and the creditor. They concern the enterprise's financial information and enterprise risk management process, and thereby they concern enterprise's operation risk.Chapter IV analyzes some aspects as follows: the essence of information risk is significant misstatement risk, significant misstatement risk mainly comes from enterprise's operation risk, enterprise's operation risk is the fuse to lawsuit risk, and enterprise's operation risk is basic source of all kinds of risks. The paper analyzing these aspects concludes the 'risk' concept of modern risk-oriented audit pattern is defined as enterprise's operation risk.Chapter V based on the definition of enterprise's operation risk proposes the corresponding audit ideas and the risk assessment procedures of the modern risk-oriented audit.