EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

Motto: Show the world how you think!

Current Issue

The current issue of the journal read...

Authors' guidelines

All you need to know in order to publish in our journal read...

Submission

Here you can submit your paper continue...

Contact

Contact us here...

 

ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Article from Volume 1, Number 1, Year 2013

THE APPLICABILITY OF BAYES' THEOREM IN AUDIT RISK
Download
Author(s): Ana- Maria Zaiceanu, Elena Hlaciuc
DOI: 10.4316/EJAFB.2013.115
Abstract: The aim of this paper is to summarize the importance of the statistics in the financial audit area. Our main goal it is focused on "dissecting" the area of statistics to see what we can "steal" more from it for introducing it in the audit field. In the following paper we foresee a future direction of the audit for the next century. We try to prove that, if the auditor will used the Bayes' Theorem, then he will know for sure which is the possibility for a certain audit risk to appear, and which consequences can generate.
Keywords: Financial Audit, Audit Risk, Bayes' Theorem
References:
1. Bolstad W. (2007), Introduction To Bayesian Statistics, 2nd Edition, John Willey & Sons, New Jersey.
2. Cosserat G.W. (2005), Modern Audit,2nd Edition, John Wiley & Sons Publishing House, England.
3. Dicksee R.L. (1907), Auditing: A Practical Manual For Auditors, 7th Edition, GEE &CO, London, Pp.7. Available At Http://archive.org/stream/auditingpractica00dickuoft#page/xii/mode/2up [accessed At 31 March 2013].
4. Genete D. (2006), Modelarea Incertitudinii In Evaluarea Riscului De Audit, Revista Audit Financiar, Nr. 4.
5. Meeden G., Sargent D. (2005), Some Bayesian Methods For Two Auditing Problems. Available At Http://users.stat.umn.edu/~gmeeden/twobayesaudit.pdf [accessed At 1 April 2013].
6. Petrehus V., Popescu S.A. (2005), Probabilitati Si Statistica, Universitatea Tehnica De Constructii Bucuresti, Available At Http://civile.utcb.ro/cmat/cursrt/psvp.pdf [accessed At 3 April 2013].
7. Sasu L. (2013), Modele Grafice Probabilistice - Note De Curs. Available At Http://cs.unitbv.ro/~lmsasu/courses/aci/courses/notes.pdf [accessed At 4 April 2013].
8. Sivia D., Skilling, J. (2006), Data Analysis- A Bayesian Tutorial, 2nd Edition, Oxford University Press, USA. 9. Stroe I.A., Medintu D.N. (2011), Frauda In Situatiile Financiare: O Reviziune A Literaturii De Specialitate Cu Privire La Tehnicile De Detectare, Revista Audit Financiar, No. 7.
 
Back to journal ...

 
     
     
Copyright LP/DET 2022