20
magazine
ALRAQABA
Issue Report
The world is moving
towards risk-based audit
SAB hosts the 1
st
Scientific Forum on Risk -Based Audit
T
he concept of risk-based audit became one of the requirements,
which successful international institutions seek to implement in or-
der to increase the quality of their work and mitigate the risks, and
challenges that face the said institutions according to their work nature.
In addition to familiarizing themselves with the latest methods concern-
ing the evaluation of the risks and their role in enhancing the quality of the
work.
The Supreme Audit Institutions (SAIs) followed the lead of the global trends
in terms of implementing this concept, studying it and setting standards
and guidelines to understand accounting the systems and the means to
manage the risks consequence to the audit process. Also, enabling audi-
tors to develop audit plans, which are compatible to the risks that may be
encountered during the audit process.
