IMPROVEMENT OF THE ASSESSMENT METHODOLOGY OF AUDIT RISK ACCORDING TO INTERNATIONAL AUDIT STANDARDS
The article substantiates new approaches to improving the organization and methods of conducting an audit, in particular on the problem of audit risk, its measurement and evaluation, and the use of expert systems in conducting an audit. On the basis of the conducted research, it was confirmed that the assessment of the risk of an auditor is one of the fundamental conditions for the effective operation of an auditing firm. The article discloses approaches to determining audit risk in accordance with international auditing standards, outlines the main stages of the procedures used by auditors in conducting audits, suggests a methodology for assessing audit risk in three stages and identifies ways to improve the risk assessment process during an audit.