Analysis of quantitative and qualitative methods for evaluating the quantity of risks of accounting and audit

When assessing and calculating the level of the constituent elements of audit risk, the auditor often encounters such factors or events, the objective probability of which cannot be determined on the basis of statistical observations. The main purpose of the article is to consider the problem of determining audit risk, to indicate the main reasons for its occurrence. Emphasize the relationship of audit risk and the risk of the accounting system and the problems of not only minimizing them, but also transmitting this information to users. Analyze quantitative and qualitative methods for determining and assessing audit risk, indicate their advantages and disadvantages. For maximum objectivity, it is proposed to combine quantitative methods for assessing audit risk with qualitative ones, which are based on subjective assessments.