RISK-BASED APPROACH IN LABOR AUDIT AND COSO INTERNAL CONTROL MODEL
Keywords:
risk-based approach, audit risk, COSO model, internal control, payroll audit, threat analysis.Abstract
This article examines the issues of risk-based approach and COSO internal control model in payroll audit. The 3-component model of audit risk (AR = IR × CR × DR) is analyzed. 7 main risks encountered in payroll audit are classified: fake employees, manipulation of working hours, incorrect calculation of bonuses, incorrect withholding of taxes, delay in social payments, manipulation of electronic systems, falsification of documents. An assessment methodology is developed based on the 5 components of the COSO internal control model.
References
Arens, AA, Elder, RJ, Beasley, MS (2019). Auditing and Assurance Services: An Integrated Approach. 17th ed. New York: Pearson.
COSO. (2013). Internal Control — Integrated Framework. Committee of Sponsoring Organizations of the Treadway Commission.
Deloitte. (2023). Global Risk Assessment Survey 2023. New York: Deloitte Insights.
Elliott, RK (2002). Twenty-First Century Assurance. Auditing: A Journal of Practice & Theory, 21(1), 139-146.
IFAC. (2019). ISA 315 (Revised) Identifying and Assessing the Risks of Material Misstatement. New York: IFAC.
Karimov, NF (2019). Audit of Accounts. Tashkent: "Economy-Finance".
Vahrushina, MA (2020). Accounting office. 9th izd. Moscow: Natsional'noye obrazovaniye.
Podolsky, VI, Savin, AA (2014). Audit: Uchebnik dlya vuzov. 4-e izd. Moscow: UNIT-DANA.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 GEJournals
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
