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Internal Audit – Determinant Factor In Preventing And Detecting Fraud Related Activity To Public Entities Financial Accounting

Author

Listed:
  • Victor Munteanu

    ()

  • Lavinia Copcinschi

    ()

  • Carmen Luschi

    ()

  • Anda Laceanu

    ()

Abstract

The objective of internal audit on fraud, identified in the financial and accounting activity in public entities is to give ensure and guarantee true and fair view of the assets, liabilities and equity, and the financial statements and results. To provide this guarantee internal audit monitors whether transactions and accounting operations entered correctly reflect the nature of the events that took place and whether they are likely to be distorted. The results of an internal audit mission, must ensure the quality and coherence of the financial accounting system, and to reflect correctly, sincerely and completely the financial accounting transactions from primary accounting documents and financial statements.

Suggested Citation

  • Victor Munteanu & Lavinia Copcinschi & Carmen Luschi & Anda Laceanu, 2017. "Internal Audit – Determinant Factor In Preventing And Detecting Fraud Related Activity To Public Entities Financial Accounting," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 9(1), pages 55-63, March.
  • Handle: RePEc:khe:journl:v:9:y:2017:i:1:p:55-63
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    File URL: http://orizonturi.ucdc.ro/arhiva/khe-vol9-nr1-2017/8.%20INTERNAL%20AUDIT%20%E2%80%93%20DETERMINANAT%20FACTOR.pdf
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    References listed on IDEAS

    as
    1. Fen-May Liou, 2008. "Fraudulent financial reporting detection and business failure prediction models: a comparison," Managerial Auditing Journal, Emerald Group Publishing, vol. 23(7), pages 650-662, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Internal Audit; Financial And Accounting Fraud; Faithful Image; Public Entity; Significant Distortions;
    All these keywords.

    JEL classification:

    • 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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