The risk-based audit approach (PDF)

Master's Thesis from the year 2013 in the subject Business economics - Investment and Finance, grade: Pass, Tongji University, language: English, abstract: The choice of topic "The risk-based audit approach in France" comes from several concerns that arose during the studies of my Master degree. First of all, I majored in finance since my Bachelor's degree and was able to perform a successful internship for the cabinet Deloitte during my Master degree. This experience not only enabled me to catch a first glimpse at the financial statements of different companies from various sectors, but it also stressed out the necessity to deliver reliable financial information while following strict regulation, both local and international. Secondly, the financial crisis that arose in 2007 has had tremendous impacts on numerous companies worldwide. This economic context led to more risks in the reliability of the companies' financial statements and emphasized the crucial role the statutory auditor must adopt. Moreover, the high-tech sector representing a fast changing environment, more risks can be attributed to the companies running their business in this segment. While highlighting all these facts, this paper also attempts to solve auditing risks and issues that could arise in a high tech company, by picking a real case.