Advanced Search
MyIDEAS: Login to save this article or follow this journal

Detecting And Reporting The Frauds And Errors By The Auditor

Contents:

Author Info

  • Ovidiu Constantin Bunget

    (West University of Timisoara)

  • Alin Constantin Dumitrescu

    (West University of Timisoara)

Registered author(s):

    Abstract

    Responsibility for preventing and detecting fraud rest with management entities.Although the auditor is not and cannot be held responsible for preventing fraud and errors, in yourwork, he can have a positive role in preventing fraud and errors by deterring their occurrence. Theauditor should plan and perform the audit with an attitude of professional skepticism, recognizingthat condition or events may be found that indicate that fraud or error may exist.Based on the audit risk assessment, auditor should develop programs to audit procedures by whichto obtain reasonable assurance that the financial statements in their entirety, all significant errorsand fraud have been identified. It is expected that the auditor to implement procedures that willlead to the discovery of errors or fraud without significant impact on the financial statements cannot be held responsible for undetected such irregularities.The auditor should communicate with the management of his client. He should ask the managementinformation concerning any significant fraud or error has been detected in order to detect keyproblems that could lead to certain activities, the implementation of audit procedures more thanusual However the auditor faces the risk inevitable that some significant errors to be detected, evenif the audit is planned and done properly.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://oeconomica.uab.ro/upload/lucrari/1120091/11.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.

    Volume (Year): 1 (2009)
    Issue (Month): 11 ()
    Pages: 11

    as in new window
    Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:11

    Contact details of provider:

    Related research

    Keywords: fraud; error; tests; audit;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:1:y:2009:i:11:p:11. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan-Constantin Danuletiu).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.