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Examining Factors Influencing Audit Risk for Professional Accountant in Business

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  • Cheng-Wen Lee
  • Yi Tang Hu

Abstract

This study attempts to examine the determinant factors influencing the degree of audit risk, specially focusing on the professional accountant in business operations. We adopt the methodology of comprehensive AHP framework combined with DEMATE analysis. Herewith, this study categorizes five main criteria: control environment, risk assessment, audit control, monitoring activities, and information and communication, as well as fifteen sub-criteria. This study result findings may provide some important implications or recommendations for accountant’s practice, and meanwhile may contribute suggestions for future researchers’ making a breakthrough in theory. JEL classification numbers: C52 M41 M42.

Suggested Citation

  • Cheng-Wen Lee & Yi Tang Hu, 2021. "Examining Factors Influencing Audit Risk for Professional Accountant in Business," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 11(1), pages 1-2.
    • Handle: RePEc:spt:admaec:v:11:y:2021:i:1:f:11_1_2
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    References listed on IDEAS

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    1. Saaty, Thomas L., 2003. "Decision-making with the AHP: Why is the principal eigenvector necessary," European Journal of Operational Research, Elsevier, vol. 145(1), pages 85-91, February.
    2. Thomas L. Saaty & Luis G. Vargas, 2006. "Decision Making with the Analytic Network Process," International Series in Operations Research and Management Science, Springer, number 978-0-387-33987-0, December.
    3. Saaty, Thomas L. & Takizawa, Masahiro, 1986. "Dependence and independence: From linear hierarchies to nonlinear networks," European Journal of Operational Research, Elsevier, vol. 26(2), pages 229-237, August.
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    Keywords

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    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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