This final paper presents risk management in the audit of financial statements. In principle, risk is an estimated forecast of possible damage with a negative outcome. It is an inevitable segment of any business and it is impossible to know with certainty when and in what form it will happen. Audit is associated with risk because audit is an important segment of risk reduction and keeping risk under control. Through audit tests, the possibility of fraudulent actions or errors is reduced and the risk of doing business is reduced. In order to achieve this goal, auditors have developed a system of audit tests and controls that allow the auditor to have easier control when auditing the company's financial statements. When preparing an audit, the auditor uses audit tests that include observation, inspection, recalculation, interview with workers and management, re-performance and confirmation, and collects evidence tests as evidence, which are analytical procedures of balance tests and proof tests of business events. In the audit process, the auditor collects audit evidence that enables him to make a final audit opinion. Before issuing an audit opinion, the auditor relies on internal and external participants related to the operations of the company on which the audit procedure is performed, in addition to audit tests and evidence.