Research and Development of Mode for Evaluation of Audit Risk

2012 Fiscal Year Final Research Report

• Project/Area Number: 22530473
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Accounting
• Research Institution: Tohoku University
• Principal Investigator: TAKADA Toshifumi 東北大学, 大学院・経済学研究科, 教授 (40125787)
• Project Period (FY): 2010 – 2012
• Keywords: 監査リスク / 虚偽表示リスク / 固有リスク / 統制リスク / 不確実性

Research Abstract

The objectives of this research are (1)Theoretical and empirical exploration of RiskApproach Audit prescribed by Audit Standards,(2)The development of Risk Evaluation Model(Simulation Model) as a computer aided auditing techniques. Risk evaluated by auditors is tended to be subjective and the ultimate objective of this research is to get the objective evaluation model for auditors.I developed a computer simulation model and got an optimal frequency of audit procedure as an objective solution through the field study of control risk (the first year) and the stochastic distribution of risk factors (the second year).

Research Products

• [Journal Article] Simulation of Audit Procedure to Find a Risk Factor ? Decision of the Optimal Frequency of Audit Procedure - (2012)
  • Author(s): Toshifumi Takada and Yuanlin Li
  • Journal Title: Proceedings of 24th Annual Meeting of Asian Pacific Conference on International Accounting Issues, FullPaper in CD version
  • Peer Reviewed
• [Journal Article] Identification of Audit Risk Factors ? Evidence from the Failure Cases of Internal Control Factors ? (2011)
  • Author(s): Toshifumi Takada and Yuanlin Li
  • Journal Title: Proceedings of 23rd Annual Meeting of Asian Pacific Conference on International Accounting Issues, Full Paper in CD version
  • Peer Reviewed
• [Journal Article] 内部統制監査の失敗事例と監査リスク要因の識別 (2011)
  • Author(s): 高田敏文・李袁琳
  • Journal Title: 産業経理 Volume: 71巻 Pages: 32-58
• [Journal Article] Internal Control Reporting and Its Auditing in Japan (2010)
  • Author(s): Toshifumi Takada, et al
  • Journal Title: Proceedings of 22th Annual Meeting of Asian Pacific Conference on International Accounting Issues, Full Paper in CD version
  • Peer Reviewed
• [Presentation] Using Simulation Technique in Audit Research , Research Colloquium on Financial Disclosure Practices by the Listed Companies in Bangladesh (2013)
  • Author(s): Toshifumi Takada
  • Organizer: The Department of Accounting & Information Systems , University of Dhaka
  • Place of Presentation: Bangladesh
  • Year and Date: 2013-02-03
• [Presentation] Simulation of Audit Procedure to Find a Risk Factor ? Decision of the Optimal Frequency of Audit Procedure - (2012)
  • Author(s): Toshifumi Takada and Yuanlin Li
  • Organizer: Proceedings of 24th Annual Meeting ofAsian Pacific Conference on International Accounting Issues
  • Place of Presentation: Maui, USA.
  • Year and Date: 20121020-25
• [Presentation] Identification of Audit Risk Factors ? Evidence from the Failure Cases of Internal Control Factors ? (2011)
  • Author(s): Toshifumi Takada and Yuanlin Li
  • Organizer: Proceedings of 23rd Annual Meeting of Asian Pacific Conference on International Accounting Issues
  • Place of Presentation: Beijing, China
  • Year and Date: 2011-10-08
• [Presentation] Internal Control Reporting and Its Auditing in Japan (2010)
  • Author(s): Toshifumi Takada
  • Organizer: 22th Annual Meeting of Asian Pacific Conference on International Accounting Issues
  • Place of Presentation: Gold Coast, Australia
  • Year and Date: 2010-11-08