Abstract
The audit has become an integral part of many activities in various fields related to business life from the past to present. Fundamental changes have been experienced in the concept of audit due to several reasons such as accounting scandals, changes in management mentality, technological developments and legal regulations experienced especially in recent years. Along with these changes, risk-based audit approach focusing on uncovering the risks of business and how to manage these risks has developed beyond the issue of benefiting from the previous period data envisaged by the traditional audit approach.
The risk-based audit is a process containing important stages such as identification, classification, and measurement of risks and determination of their weights. At the end of this process, it is possible to have considerable knowledge to what extent stress should be laid on which risks by ranging the risks identified for business according to their probability of realization.
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Görener, A. (2017). Risk Based Internal Audit. In: Dinçer, H., Hacioğlu, Ü. (eds) Risk Management, Strategic Thinking and Leadership in the Financial Services Industry . Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-319-47172-3_17
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DOI: https://doi.org/10.1007/978-3-319-47172-3_17
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