Download or read book Modelling Accounting Risk in Audit with Belief Function written by Laura-Diana Genete and published by . This book was released on 2014 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk evaluation is a critical and defining stage in audit. Under these circumstances, the preoccupations for developing the best method in the field are various. Both on a practical level, as well as on a theoretical one there are numerous qualitative approaches and quantification attempts of the individual or overall risks. The International Standards leave great liberty to the expert, regarding risk identification, analysis, hierarchy and assessment, mainly because of the particularities which characterize each auditing mission. The most well known assessment methods at the moment are: the one offered by the standards, the bayesian method and the method of the belief functions. There is, at the moment, no unanimously accepted risk assessment model in audit, mainly because of the quantification difficulties of the components and the character, subjective by nature, of the accomplishment of the missions.

Download or read book Belief Functions in Business Decisions written by Rajendra P. Srivastava and published by Physica. This book was released on 2013-11-11 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses on applications of belief functions to business decisions. Section I introduces the intuitive, conceptual and historical development of belief functions. Three different interpretations (the marginally correct approximation, the qualitative model, and the quantitative model) of belief functions are investigated, and rough set theory and structured query language (SQL) are used to express belief function semantics. Section II presents applications of belief functions in information systems and auditing. Included are discussions on how a belief-function framework provides a more efficient and effective audit methodology and also the appropriateness of belief functions to represent uncertainties in audit evidence. The third section deals with applications of belief functions to mergers and acquisitions; financial analysis of engineering enterprises; forecast demand for mobile satellite services; modeling financial portfolios; and economics.

Download or read book Classic Works of the Dempster Shafer Theory of Belief Functions written by Ronald R. Yager and published by Springer. This book was released on 2008-01-22 with total page 813 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of classic research papers on the Dempster-Shafer theory of belief functions. The book is the authoritative reference in the field of evidential reasoning and an important archival reference in a wide range of areas including uncertainty reasoning in artificial intelligence and decision making in economics, engineering, and management. The book includes a foreword reflecting the development of the theory in the last forty years.

Download or read book Combining Belief Functions and Neural Networks to Assess the Likelihood of Fraud written by Mohamed M. El-Dyasty and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: When assessing the likelihood of fraud in commercial banks, an auditor is faced with two related issues: determining significant red flags in the commercial banking industry, and combining red flags in a model (Decision Aid) based on weights (Values of uncertainties) assigned to them. Prior research largely ignores the first issue. Also, models developed in previous studies fail to provide objective methods to assign weights to red flags and to combine them. This study has two main objectives. The first objective is to identify red flags in the commercial banks context. The second objective is to develop a decision aid to assess the likelihood of fraud in commercial bank audits. To achieve the first objective, a questionnaire was directed to auditors in two big accounting firms in United States. Forty-four red flags were found to be valid. To achieve the second objective, a model combining belief functions and neural networks has been developed. This model is consistent with SAS No. 82, which requires the auditor to assess the likelihood of fraud as a cumulative process that should made throughout the audit.

Download or read book A model of belief revision in audit risk assessment written by Sean Shaw-Zon Chen and published by . This book was released on 1992 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Pocket Guide to Risk Mathematics written by Matthew Leitch and published by John Wiley & Sons. This book was released on 2010-09-07 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This uniquely accessible, breakthrough book lets auditors grasp the thinking behind the mathematical approach to risk without doing the mathematics. Risk control expert and former Big 4 auditor, Matthew Leitch, takes the reader gently but quickly through the key concepts, explaining mistakes organizations often make and how auditors can find them. Spend a few minutes every day reading this conveniently pocket sized book and you will soon transform your understanding of this highly topical area and be in demand for interesting reviews with risk at their heart. "I was really excited by this book - and I am not a mathematician. With my basic understanding of business statistics and business risk management I was able to follow the arguments easily and pick up the jargon of a discipline akin to my own but not my own." —Dr Sarah Blackburn, President at the Institute of Internal Auditors - UK and Ireland

Download or read book The Influence of Information Order Effects and Trait Professional Skepticism on Auditors Belief Revisions written by Kristina Yankova and published by Springer. This book was released on 2015-02-10 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kristina Yankova addresses the question of what role professional skepticism plays in the context of cognitive biases (the so-called information order effects) in auditor judgment. Professional skepticism is a fundamental concept in auditing. Despite its immense importance to audit practice and the voluminous literature on this issue, professional skepticism is a topic which still involves more questions than answers. The work provides important theoretical and empirical insights into the behavioral implications of professional skepticism in auditing.

Download or read book Behavioural Aspects of Auditors Evidence Evaluation written by Magda Abou-Seada and published by Routledge. This book was released on 2017-11-22 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. Based on psychological research, auditing studies have focused on 'belief revision' as a way of understanding how auditors evaluate evidence. Moreover a belief revision process is consistent with US auditing standards. UK standards on the other hand do not appear to give guidance on the process to follow when evaluating evidence. Research in the US indicates that auditors do in fact follow a belief revision process in accordance with US standards. Employing survey research (based on personal interviews with a number of experienced UK auditors) this book demonstrates how auditors prefer to be described as following the open mind approach. Building on the findings of the interviews the book then describes an experimental study to investigate the differences between the belief revision and open mind approaches in terms of their effect on the efficiency and effectiveness of the audit process. The book concludes that the belief revision approach would improve the efficiency of the audit process without affecting its effectiveness or outcomes.

Download or read book Risk Assessment in Accounting and Auditing written by Theodore J. Mock and published by Canadian Certified General Accountants' Research Foundation = Fondation de recherche de l'Association des comptables généraux licenciés du Canada. This book was released on 1985 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Preface: The major objective of this monograph is to provide a critical overview of risk assessment in accounting and auditing. Many of the intellectual roots of the treatment of uncertainty and risk in accounting can be found in other disciplines. The monograph, therefore, attempts to synthesize conceptual frameworks, and empirical findings from a variety of disciplines and relate them to developments in risk assessment in accounting. The conceptual framework which is developed should be useful for both practitioners and academics who would like to employ a broader perspective in viewing their own work in the field.

Download or read book Belief Function Theory and Its Application to the Modeling of Uncertainty in Financial Statement Auditing written by Carine Van Den Acker and published by . This book was released on 1996 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Belief Functions Theory and Applications written by Fabio Cuzzolin and published by Springer. This book was released on 2014-09-05 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the thoroughly refereed proceedings of the Third International Conference on Belief Functions, BELIEF 2014, held in Oxford, UK, in September 2014. The 47 revised full papers presented in this book were carefully selected and reviewed from 56 submissions. The papers are organized in topical sections on belief combination; machine learning; applications; theory; networks; information fusion; data association; and geometry.

Download or read book The Influence of Information Order Effects and Trait Professional Skepticism on Auditors Belief Revisions written by Kristina Yankova and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Kristina Yankova addresses the question of what role professional skepticism plays in the context of cognitive biases (the so-called information order effects) in auditor judgment. Professional skepticism is a fundamental concept in auditing. Despite its immense importance to audit practice and the voluminous literature on this issue, professional skepticism is a topic which still involves more questions than answers. The work provides important theoretical and empirical insights into the behavioral implications of professional skepticism in auditing. Contents Belief Revision and Information Order Effects Professional Skepticism Empirical Analysis Target Groups Researchers and students in the fields of accounting and auditing Practitioners in these areas The Author Dr. Kristina Yankova completed her doctoral studies under the guidance of Prof. Dr. Annette Köhler at the Chair of Accounting and Auditing at the Mercator School of Management, University of Duisburg-Essen.

Download or read book Audit Guide written by AICPA and published by John Wiley & Sons. This book was released on 2016-11-07 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: Want to ensure effective and efficient execution of the Risk Assessment Standards? AICPA has the resources you need: Audit Risk Assessment Tool (available online only) Assessing and Responding to Audit Risk in a Financial Statement Audit - AICPA Audit Guide The Audit Risk Assessment Tool walks an experienced auditor through the risk assessment procedures and documents those decisions necessary to prepare an effective and efficient audit program. Designed to be used in lieu of cumbersome checklists, it provides a top down risk-based approach to the identification of high risk areas to allow for appropriate tailoring of audit programs which will result in audit efficiencies. The tool is available in the Online Subscription format and includes access to the full Risk Assessment Guide. The AICPA Audit Guide Assessing and Responding to Audit Risk in a Financial Statement Audit is the definitive source for guidance on applying the core principles of the risk-based audit methodology that must be used on all financial statement audits. This guide is written in an easy-to-understand style that enables auditors of all experience levels to find answers to the issues they encounter in the field. Unique insights, examples and a comprehensive case study clarify critical concepts and requirements. Disclaimer This Audit Risk Assessment Tool is designed to provide illustrative information with respect to the subject matter covered and is recommended for use on audit engagements that are generally smaller in size and have less complex auditing and accounting issues. It is designed to help identify risks, including significant risks, and document the planned response to those risks. The Audit Risk Assessment Tool should be used as a supplement to a firm's existing planning module whether in a firm-based or commercially provided methodology. The Audit Risk Assessment Tool is not a complete planning module. The AICPA recommends the Audit Risk Assessment Tool be completed by audit professionals with substantial accounting, auditing and specific industry experience and knowledge. For a firm to be successful in improving audit quality and efficiencies, it is recommended that a 5+ years experienced auditor completes the Audit Risk Assessment Tool or the engagement team member with the most knowledge of the industry and client (often Partner in small/medium firms) provides insight to whomever is completing the ARA Tool. The AICPA recommends this should not be delegated to lower-level staff and just reviewed – it should be completed under the direction of the experienced auditor (if you delegate to inexperienced auditor you will be at risk for less effectiveness and efficiencies because the tool is intended to be completed by an experienced auditor). The Audit Risk Assessment Tool does not establish standards or preferred practices and is not a substitute for the original authoritative auditing guidance. In applying the auditing guidance included in this Audit Risk Assessment Tool, the auditor should, using professional judgment, assess the relevance and appropriateness of such guidance to the circumstances of the audit. This document has not been approved, disapproved, or otherwise acted on by a senior committee of the AICPA. It is provided with the understanding that the staff and publisher are not engaged in rendering legal, accounting, or other professional service. All such information is provided without warranty of any kind.

Download or read book The Routledge Companion to Accounting and Risk written by Margaret Woods and published by Taylor & Francis. This book was released on 2017-03-27 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: To date, there has been little consideration of the many different ways in which accounting and risk intersect, despite organisations being more determined than ever to build resilience against potential risks. This comprehensive volume overcomes this gap by providing an overview of the field, drawing together current knowledge of risk in a wide range of different accounting contexts. Key themes such as corporate governance, trust, uncertainty and climate change are covered by a global array of contributing scholars. These contributions are divided into four areas: The broader aspects of risk and risk management Risk in financial reporting Risk in management accounting Risk monitoring The book is supported by a series of illustrative case studies which help to bring together theory and practice. With its wealth of examples and analyses, this volume provides essential reading for students, scholars and practitioners charged with understanding diverse facets of risk in the context of accounting in the business world.

Download or read book A Framework for Assurance Evidence and Its Role in Accounting written by Waldemar John Smieliauskas and published by . This book was released on 1999 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Probabilistic Expert Systems written by Glenn Shafer and published by SIAM. This book was released on 1996-01-01 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book emphasizes the basic computational principles that make probabilistic reasoning feasible in expert systems.

Download or read book A Mathematical Theory of Evidence written by Glenn Shafer and published by Princeton University Press. This book was released on 2020-06-30 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Both in science and in practical affairs we reason by combining facts only inconclusively supported by evidence. Building on an abstract understanding of this process of combination, this book constructs a new theory of epistemic probability. The theory draws on the work of A. P. Dempster but diverges from Depster's viewpoint by identifying his "lower probabilities" as epistemic probabilities and taking his rule for combining "upper and lower probabilities" as fundamental. The book opens with a critique of the well-known Bayesian theory of epistemic probability. It then proceeds to develop an alternative to the additive set functions and the rule of conditioning of the Bayesian theory: set functions that need only be what Choquet called "monotone of order of infinity." and Dempster's rule for combining such set functions. This rule, together with the idea of "weights of evidence," leads to both an extensive new theory and a better understanding of the Bayesian theory. The book concludes with a brief treatment of statistical inference and a discussion of the limitations of epistemic probability. Appendices contain mathematical proofs, which are relatively elementary and seldom depend on mathematics more advanced that the binomial theorem.