KnE Social Sciences

Published date: Feb 15 2018

Journal Title: KnE Social Sciences

Issue title: III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech"

Pages: 407-414

DOI: 10.18502/kss.v3i2.1571

Leonov P.Y.p.u.leonov@gmail.comАssociate professor of the Department of financial monitoring (№75) NRNU MEPhI, General Director LLC AUDIT-UNIVERSAL, auditor, Candidate of Economic Sciences

Veselova E.A.katusha9409@mail.ruMaster of the Department of financial monitoring (№75) NRNU MEPhI, assistant auditor LLC AUDIT-UNIVERSAL

This paper discusses the basic understanding of auditing, implemented using approaches and risk management techniques. It emphasizes that such an approach requires the system consideration at all stages: at the stages of planning, collecting audit evidence and completing the project, including the preparation of an audit opinion. Aside from that, the paper presents audit procedures for all phases of the audit which is implemented with account of the risk-oriented approach. The analytical part and the conclusions drawn at end of the work are based on a large number of literature data.

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