The economic crisis has already generated some audit risks. Audit practices become more complex. Going concern issues, litigation toward accounting profession, changes in laws and regulations affecting the profession have created the risk environment. Accounting profession responses such changes by managing them properly. Two approaches that are used to mitigate such risks are the comprehensive approach, and the appropriate policies and procedures approach. Moreover Indonesian Accountant Association as a Standard Board Authority has issued some PSAK (Indonesian GAAP) and SPAP (Indonesian GAAS) to provide the guidance for implementing audit engagement in the risk environment.