위험지향감사와 분석적 절차

Risk-Base Audit and Analytical Procedures

This paper is to examine and clarify the relationship between risk-based audit and. analytical procedures in various audit stages. The findings in this study can be summarized as follows : First, it is necessary to recognize clearly the relationship between the analytical procedures for risk-based audit and the fundamentals of business approach, audit procedure and audit evidence system. Second, it is important to recognize differences in two types of analytical procedures, one used for overall analysis in preliminary planning stage, and the other for detailed analysis in audit planning stage, in terms of its goal, timing, application objects and knowledge necessary for the respective analysis. Third, the analytical procedures are procedures to find audit evidence skillfully. While the existing audit procedures are to check whether some records are in agreement of other records or facts, the analytical procedures are to find any discrepancy between records and expectations. Fourth, the analytical procedures in final stage of audit are to reexamine the audit opinion and to check whether the audit has been done within the risk level initially planned. Fifth, the current analytical procedures in Korea are based on the Statement, on auditing Standards #56 in the U.S.A. It seems desirable to have additional and more detailed procedures which are suitable in Korean audit environment.