Auditors face a number of challenges when performing audit risk assessment. To cope with these challenges, methods are required that purposefully reduce the complexity inherent to internal control systems and that facilitate communication about internal control matters among groups of...

Auditing literature lacks an integrated vision for interactions among business Risk, governance mechanisms, audit fees, and the content of auditor report. The objective of this study is to construct a theoretical framework to interpret the interactions among the four elements. In addition, the...