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Fraud Management Audit And The Evolution Of Financial Markets Under These Circumstances

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  • Florin BOGHEAN

    () (Stefan cel Mare University of Suceava, Romania)

  • Carmen BOGHEAN

    () (Stefan cel Mare University of Suceava, Romania)

Abstract

Financial management could not be conducted without information in general and without financial and accounting information in particular. Economic, financial, accounting and market information is essential for understanding and applying the management objectives. Financial decisions rely upon the association between the regulatory economic policies implemented on a macroeconomic level and the individual financial decisions made on a microeconomic level. The responsibilities of external auditors, internal auditors and government auditors often require the investigation of suspected fraud. SAS 99 and SAS 110 require auditors to use the information obtained during the planning and performance of the audit to identify risks that may result in a material misstatement due to fraud. In addition, auditors need to be aware of the various types of frauds, their signs and the need to follow up to determine whether a suspicion is justified.

Suggested Citation

  • Florin BOGHEAN & Carmen BOGHEAN, 2013. "Fraud Management Audit And The Evolution Of Financial Markets Under These Circumstances," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 1(1), pages 89-99, June.
  • Handle: RePEc:scm:ejafbu:v:1:y:2013:i:1:p:89-99
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