Audit Risk Research On Continuous Auditing Model Under XBRL Environment

Since the XBRL was spread and applied in the global scope, which opened the accounting information age as a precursor to the advent of XBRL. Continuous Audit has been put forward based on the real – time requirements, which was the best audit approach suitable for XBRL. Therefore, continuous auditing mode XBRL environment as a new model has been popularized. As the implementation of continued audit mode, it brings the good results as time as producing a certain risks and challenges. In this model, Audit Risk is the most important thing which the audit personnel put great attention. Therefore the research on audit risk on Continuous Audit under XBRL environment has become the trend of The Times.To solve the problem of audit risk upon this model and adapt to the new characteristics of the information system environment, we need to rebuild the audit risk model. By looking through many literatures, this paper analysis and introduction of the related theory of XBRL and Continuous Audit, then we can analyze the necessity of implementation of the continuous audit which based on XBRL. We can get the problems of the audit risks of continuous auditing mo de based on XBRL through normative analysis of theories. Then we rebuild the audit risk evaluation index system based the three aspects of the influence factors of audit risk: Information system risk, risk of accounting information and Detection Risk. Due to the limitation of traditional audit risk models, we brings forward a new audit model. By using the(AHP) analytic method and fuzzy comprehensive evaluation method for qualitative and quantitative analysis, we construct scientific audit risk model, we selective analysis to the Financial Risk among them. Through the instance analysis, we can determine its feasibility. Then we can provide follow-up guarantee for the audit risk of the continuous auditing based on XBRL and which will guide its work and widely implemented.