THE ROLE OF INTERNAL AND EXTERNAL AUDITORS FOR IDENTIFYING FRAUDS IN ORGANIZATIONS

Authors

Keywords
internal controls, external audit, frauds, fraud risk assessment.

Summary
The variety of ways and approaches to fraud necessitates the updating of measures and mechanisms to identify and limit them. By properly implementing these mechanisms and approaches, the risk assessment and the display of indicators signalling misconduct contribute to reducing them and improving the effectiveness of the control impact. The relevance of the study is due to the growing threat of spreading fraud and the need for adequate and timely measures to limit them.

The purpose of the research study is to outline the possible actions to curb fraud, applied by internal and external auditors, as well as to examine the methodology used in the preparation of fraud risk assessments.

The tasks are as follows: to clarify the role of internal audit in combating fraud; examining methodological guidelines for fraud risk assessment; implementation of anti-fraud management measures and adequate audit procedures.

The thesis being defended is that fraud is a complex phenomenon and the role of internal and external auditors is essential for detecting and limiting it by applying innovative and adequate methods. The study substantiates the relationship between management actions and the ability to prevent and detect fraud, as well as the conditionality of audit procedures, performed by external auditors on the type and nature of possible fraudulent financial reporting schemes.

JEL: M41, M42.
Pages: 31
Price: 3 Points

More titles

  • CURRENT TENDENCIES IN E-COMMERCE APPLICATION DEVELOPMENT

    In today’s competitive and dynamic business environment, companies need to transform their business in order to survive. There has been a steady trend for companies to engage in e-commerce and business based on online technologies, since it has become clear that unless they do so, they will drop out of the market. Although their presence on the ...

  • INTERESTS AND BEHAVIOUR – MANAGERIAL ASPECTS

    Managing employees’ behaviour is a challenge that every leader has to face and is closely related to managing their interests. Changing human behaviour is a gradual process because behavioural change is the most difficult and slowest to achieve, and the outcome is expected in the long run. The main objective of this research is to study the ...

  • INFORMATION SECURITY OF HOSPITALS IN BULGARIA

    The relevance of this study is determined by the increasing requirements of and threats to the information security of healthcare facilities. The aim of the study is to investigate the state of information security of hospitals in Bulgaria and to define the concept of the model for information security. The following tasks are solved: studying the ...