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The Role Of The Financial Audit In Preventing And Combating Money Laundering

Author

Listed:
  • Emilia VASILE

    (Athenaeum University of Bucharest)

  • Nelu BURCEA

    (Athenaeum University of Bucharest)

Abstract

The role of the financial audit in preventing and combating money laundering is to enhance the information credibility from the financial statement. Among the most important laws in defining and explaining the legal obligations on prevention of money laundering is the FATF guide on measures of risk, published in 2008. The legal framework in Romania in this field was established by the Law no.656 / 2002. In Romania, the structure of the profession representation with its obligations established by the Law 656/2002 is the Body of Accountants Expert and the Chamber of Financial Auditors.

Suggested Citation

  • Emilia VASILE & Nelu BURCEA, 2016. "The Role Of The Financial Audit In Preventing And Combating Money Laundering," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 42(1), pages 11-15, June.
    • Handle: RePEc:ath:journl:v:42:y:2016:i:1:p:11-15
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    More about this item

    Keywords

    money laundering; financial audit and accounting;

    JEL classification:

    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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