Risk is an inevitable part of every business, and it is therefore very important to provide the necessary protection instruments for the company. Risk occurs in situations when we can’t safely say what will happen, that is, when finally result is totally or partially uncertain. In order to reduce and control the risk, we often associate the notion of risk with the term risk. Namely, the correlation between risk and audit is very important because auditing tests determine the strategies and goals of a business entity as well as how the resources are used. Auditing tests the possibility of error and fraud minimizing the risk of business being reduced. In order to achieve this, auditing tests can be developed, which may be tests of control and substantive tests. Tests of control include interview, inspection, observation, alignment, re-performance and / or confirmation, while substantive tests include evidence of business events, analytical procedures, and balance tests. Throughout the audit implementation process or auditing tests, audit evidence has a significant role to play in the auditor's efforts to obtain more information and data on the basis of which he/she will make his/her final judgment, which may request from internal and external participants associated participants with the business of the company in which auditing procedure is carried out.