Published date: Oct 08 2018

Journal Title: KnE Engineering

Issue title: Breakthrough directions of scientific research at MEPhI: Development prospects within the Strategic Academic Units

Pages: 402–415

DOI: 10.18502/keg.v3i6.3021

P Y Leonov

E K Leonova

E A Veselova

O S Kotelyanets

The article examines the problem of applying risk-oriented approach in audit. A risk-oriented approach on the one hand allows to increase efficiency of auditors’ activity, the level of compliance with mandatory requirements, and on the other hand, to avoid the excessive inspections’ procedures in the formation of a scientifically grounded framework of reasonable sufficiency inherent to each specific audit. At the same time, risk-oriented approach needs to create its own methodological base, develop methodologies and relevant accompanying documents, and, most importantly, train personnel capable of implementing this innovative methodology. For this reason, topic of this paper is extremely relevant.

Keywords: audit, risk-oriented approach, planning, accounting (financial) statements

[1] International Standards on Auditing and Quality Control. Part 1: coll. in 3 vol. / International Federation of Accountants. Kirov: Kirov regional printing house, 2012. Vol. 2. 644 p.;


[2] Leonov, P.Y., Zavalishina, A.K. Visual analysis as an instrument for creating unreliable financial statements // Scientific Visualization, 2017 // 2017 Vol. 9, No. 5, Q4 pp. 137-143;


[3] Suyts, V.P., Shadrin A.S., Leonov, P.Y. The Analysis of Big Data and the Accuracy of Financial Reports // Proceedings - 5th International Conference on Future Internet of Things and Cloud Workshops, W-FiCloud 2017;


[4] Leonov, P.Y., Veselova E. A. Revisiting the application of a risk-oriented audit approach (https://knepublishing.com/) // KnE Publishing Platform, 2018.


[5] Leonov, P.Y., Shadrin A.S. Risks evaluation of financial-economic activity and their management in the system of economic security of the organization (https:// knepublishing.com/) // KnE Publishing Platform, 2018


[6] Leonov P. Y., Candidate of Economic Sciences, auditor, Associate Professor of the department №75 «financial monitoring», National Research Nuclear University MEPhI, Moscow, Russia, ORCID: 0000-0002-3415-2702


[7] Leonova E.K., undergraduate student of international finance faculty, Financial University under the Government of the Russian Federation, Moscow, Russia, ORCID: 0000-0002-8544-0376


[8] Veselova E. A., master student of the department №75 «financial monitoring», National Research Nuclear University MEPhI, Moscow, Russia, ORCID: 0000-0001- 7814-1477


[9] Kotelyanets O. S., master student of the department №75 «financial monitoring», National Research Nuclear University MEPhI, Moscow, Russia, ORCID: 0000-0001- 5343-891X