TY  - JOUR
AB  - Explores the state of the art in internal auditing risk assessment
techniques by reviewing professional requirements as stated in Statement
of Internal Auditing Standards (SIAS) No. 9 and then examining and
discussing currently available risk assessment techniques. Models
explored in the study include the traditional risk assessment model and
those by Wilson and Randon; Patton, Evans and Lewis; Boritz; and Siers
and Blyskal. The results of the study indicate that professional
standards are being met by all of the risk assessment techniques
examined but none of the techniques is perfect for all users. Indeed,
each has at least one flaw which seriously compromises its usefulness.
Empirical research comparing predicted areas of high risk with actual
areas could be used to determine the robustness of these models.
VL  - 10
IS  - 4
SN  - 0268-6902
DO  - 10.1108/02686909510084219
UR  - https://doi.org/10.1108/02686909510084219
AU  - Ziegenfuss Douglas E.
PY  - 1995
Y1  - 1995/01/01
TI  - The state of the art in internal auditing risk assessment
techniques
T2  - Managerial Auditing Journal
PB  - MCB UP Ltd
SP  - 3
EP  - 11
Y2  - 2024/04/25
ER  -