Authors
YES. QUEEN
Abstract
Bayes' theorem allows us to determine the probability of an event if another event occurs. In the process of research, new information arrives, transforming the hypothesis about the object: increasing or decreasing the degree of confidence in the original data model. This is widely used in audit practice, since the subjective opinion of the auditor and the possibility of errors during the audit lead to an incorrect assessment of the financial statements of the organization.
Keywords
Bayesian measurements, audit, risk, probability, modeling.
