Multivariate probit model for a priori assessment of behavioral risks in audit

Q3 Economics, Econometrics and Finance

Applied Econometrics Pub Date : 2020-01-01 DOI:10.22394/1993-7601-2020-60-102-114

S. Arzhenovskiy, T. Sinyavskaya, A. Bakhteev

引用次数: 0

Abstract

The paper presents an original approach to assessing behavioral risks during audit procedures based on a multivariate probit model. Dependent variables in the model were binary behavioral characteristics of individual responsible for financial statement: tolerance to legislation violations, pathological monetary type, propensity to increased risk, belief in impunity, and illiteracy in accounting legislation. It is found that the same factors tend to increase the chances of having one and reduce the chances of having another characteristic, which does not allow us to formulate the “highest risk” profile. The results can be used by auditors in the procedure of assessing the risks of falsification of financial statement.

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用于审计行为风险先验评估的多元概率模型

本文提出了一种基于多元概率模型的审计过程中评估行为风险的原始方法。模型中的因变量是财务报表责任人的二元行为特征:对违法行为的容忍度、病态货币类型、风险增加倾向、有罪不罚信念和会计立法文盲。研究发现，同样的因素往往会增加患一种特征的机会，减少患另一种特征的机会，这使我们无法制定“最高风险”的概况。审计人员可以在评估财务报表伪造风险的过程中使用这些结果。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Applied Econometrics Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： The Journal of Applied Econometrics is an international journal published bi-monthly, plus 1 additional issue (total 7 issues). It aims to publish articles of high quality dealing with the application of existing as well as new econometric techniques to a wide variety of problems in economics and related subjects, covering topics in measurement, estimation, testing, forecasting, and policy analysis. The emphasis is on the careful and rigorous application of econometric techniques and the appropriate interpretation of the results. The economic content of the articles is stressed. A special feature of the Journal is its emphasis on the replicability of results by other researchers. To achieve this aim, authors are expected to make available a complete set of the data used as well as any specialised computer programs employed through a readily accessible medium, preferably in a machine-readable form. The use of microcomputers in applied research and transferability of data is emphasised. The Journal also features occasional sections of short papers re-evaluating previously published papers. The intention of the Journal of Applied Econometrics is to provide an outlet for innovative, quantitative research in economics which cuts across areas of specialisation, involves transferable techniques, and is easily replicable by other researchers. Contributions that introduce statistical methods that are applicable to a variety of economic problems are actively encouraged. The Journal also aims to publish review and survey articles that make recent developments in the field of theoretical and applied econometrics more readily accessible to applied economists in general.