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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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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. |
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