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Internal Audit and Fraud Prevention

Author

Listed:
  • Ruse Elena

    (Andrei Saguna University)

  • Susmanschi Georgiana

    (Spiru Haret University)

  • Spineanu Georgescu Luciana

    (Spiru Haret University)

Abstract

Modern management of economic entities, regardless of the nature of society, whether it is a public or a private entity, cannot be developed without a rigorous and flexible control. Running a company requires a permanent and systematic control of the business. Fraud in general can be defined as cheating, dishonest act committed by someone, usually to make a material profit from the rights of others, and act as thieves sum stolen by fraud. The emergence of fraud in a company is an issue that must not be lost of sight by the management entity. Fraud detection in time can have significant negative effects for the entity. Some of the internal audit’s role in the entity consist in proposals and recommendations to mitigate the risk of fraud. In this aspect, internal auditors must notify management at the first clues of a fraud existence and support management in their actions.

Suggested Citation

  • Ruse Elena & Susmanschi Georgiana & Spineanu Georgescu Luciana, 2013. "Internal Audit and Fraud Prevention," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1475-1479, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1475-1479
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    More about this item

    Keywords

    internal audit; fraud; preventing fraud; internal control.;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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