THEORETICAL ASPECTS OF THE ASSESSMENT OF AUDIT RISK WHEN CONDUCTING A TAX AUDIT

In the article, on the basis of an in-depth study of international standards of audit, containing issues of audit risk assessment, and different points of view of researchers, it is proposed to use the concept of "audit risk in the audit of tax reporting". The article substantiates the need to apply the concept of "audit risk in the audit of tax reporting" in relation to the independent audit of tax reporting, in order to determine the expected error in the tax reporting of the audited entity due to the increased risks of material misstatement of such reporting. In addi- tion, it is recommended to conduct a random audit using combined non-statistical methods to determine the ex- pected error in the tax reporting in order to minimize the audit risk to an acceptable low level