Evaluation and Prediction of the Business Continuity Risks

DOI

10.2991/aebmr.k.200312.334How to use a DOI?

Abstract

The practice of applying international audit standards and assurance tasks requires continuous improvement of methodological tools. In the digital economy, when modern software and technology platforms are being actively introduced in business, audit and consulting sphere, science-based methods for assessing and predicting the business continuity of audited companies with the possibility of their implementation in a computer environment are in demand. Assessing the potential bankruptcy probability is an integral part of the audit report and analytical report while performing related services. The purpose of this study is to develop the auditor’s analytical tools for assessing and predicting the business continuity of audited companies, as well as performing audit assignments using the Due Diligence financial methodology. The proposed methodology for assessing and forecasting of the company’s business continuity risks includes four stages: financial results assessment; solvency assessment; identification, calculation and financial risks of the company’s business continuity assessment; forecasting changes in the level of risk of business continuity using the developed calculator for calculating risk factors indicators. Recommended areas of this technique application: audit and consulting activities, improve of the using tools practice for implementing international audit standards for self-regulatory organizations of auditors and audit companies; development of the Due Diligence methodology to justify the choice of companies – borrowers and companies - participators in tenders and exchanges, as well as in systems of internal audit, internal control, financial control of business processes.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - N A Kazakova
AU  - M P Bobkova
AU  - A E Sivkova
PY  - 2020
DA  - 2020/03/17
TI  - Evaluation and Prediction of the Business Continuity Risks
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 2407
EP  - 2412
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.334
DO  - 10.2991/aebmr.k.200312.334
ID  - Kazakova2020
ER  -