Probe into the Auditing Solutions for Major Misstatement Risk

Lixia Wang, Cuicui Lian


Risk-oriented auditing is the trend of modern audit. In the new auditing principles’ auditing risk model, auditing risks’ core factor major misstatement risk includes the report mistake risk and the confirmation mistake risk. This paper discusses the methods for identifying and evaluating major misstatement risks, advancing an effective auditing procedure for decreasing major misstatement risks.

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Asian Social Science   ISSN 1911-2017 (Print)   ISSN 1911-2025 (Online)    Email: 

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