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Mapping Fraud Risk in Financial Audit – Sales Operations

Author

Listed:
  • Ioan RADU

    (Bucharest Academy of Economic Studies)

  • Elena Monica SABĂU

    (Bucharest Academy of Economic Studies)

  • Cleopatra ȘENDROIU

    (Bucharest Academy of Economic Studies)

Abstract

This paper provides an effective tool «fraud risk map« for organizations and auditors in mathematic assessment procedures, with real, tangible results, regarding the organization’s fraud risk exposure. Overcoming the fade and purely theoretical risk assessment methods («based on professional judgement – risk: high, medium, low«), the paper presents risk indicators as warning signals and quantitative and qualitative methods for risk assessment. Illustrating scalability methods and developping a practical tools for material misstatement of the economic entity financial statements, the case study presented, on sales operations, brigs added value to auditors work in the fraud risk assessment procedures.

Suggested Citation

  • Ioan RADU & Elena Monica SABĂU & Cleopatra ȘENDROIU, 2013. "Mapping Fraud Risk in Financial Audit – Sales Operations," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 2, pages 272-281, October.
    • Handle: RePEc:cmj:seapas:y:2013:i:2:radu
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    More about this item

    Keywords

    fraud risk; risk assessment; risk map; sales audit;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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