haku: @author Knechel, W.R. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Knechel, W.R. |
| Otsikko: | The business risk audit: Origins, obstacles and opportunities |
| Lehti: | Accounting, Organizations and Society
2007 : MAY/JUL, VOL. 32:4-5, p. 383-408 |
| Asiasana: | accounting auditing methodology risk management |
| Kieli: | eng |
| Tiivistelmä: | In this paper, it is argued that the development of the business risk audit (henceforth as: bs-r-at.) methodology in the 1990s was a complex process arosing naturally from the need to compensate for the commoditization of audits having occurred in the 1980s. The contemporaneous growth of risk management theories and processes provided a powerful perspective on which to base the re-engineering of the audit. However, the process of developing and implementing bs-r-at. was extremely difficult, possibly with a number of unforeseen and unmanaged obstacles, especially as to the existing rituals of the traditional audit. It is possible that the well-intentioned efforts to revitalize the audit process were derailed due to these difficulties etc. When Enron and ensuing scandals occurred, questions arose as to whether the bs-r-at. was effective, or even appropriate. Regulatory initiatives folllowing from the aftermath of Enron, such as an increased focus on management incentives and greater analysis of internal controls, may provide a viable foundation for reconsidering business risk methods etc. as to the best of business risk auditing. |
SCIMA