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Reporting on Errors and Fraud in Financial Audit Missions

Author

Listed:
  • Laura-Andreea Iamandache (Florea)

    (“Valahia†University of Targoviste, Romania)

Abstract

Although in Romania the financial audit is at the beginning of the road, the system of legislative regulations of recent years anticipates new trends and the expansion of its role in the next century. The main responsibility in the prevention of fraud and errors, as well as in their detection, belongs to the management of the entity, but at the same time also to those who are entrusted with the governance. These responsibilities may vary from one country to another, or from one entity to another. The management, under the careful supervision of those delegated with governance, must create an appropriate climate, establish and maintain high ethical standards, a culture of honesty and establish the setting of periodic controls to prevent and detect possible fraud and errors at the level the audited entity.

Suggested Citation

  • Laura-Andreea Iamandache (Florea), 2022. "Reporting on Errors and Fraud in Financial Audit Missions," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 863-868, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:863-868
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%205/8.pdf
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    References listed on IDEAS

    as
    1. Wahidahwati Wahidahwati & Nur Fadjrih Asyik, 2022. "Determinants of Auditors Ability in Fraud Detection," Cogent Business & Management, Taylor & Francis Journals, vol. 9(1), pages 2130165-213, December.
    2. Ovidiu Constantin Bunget & Alin Constantin Dumitrescu, 2009. "Detecting And Reporting The Frauds And Errors By The Auditor," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-11.
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    More about this item

    Keywords

    report; financial audit; error; fraud; auditor;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics

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