IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxxiiy2022i2p863-868.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%205/8.pdf
    Download Restriction: no
    ---><---

    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mazlina Mustapha & Soh Jin Lai, 2017. "Information Technology in Audit Processes: An Empirical Evidence from Malaysian Audit Firms," International Review of Management and Marketing, Econjournals, vol. 7(2), pages 53-59.
    2. Riana Iren Radu & Alexandra Basa & Andrei-Mirel Florea, 2024. "The Techniques and Skills Needed by the Forensic Accounting Expert to Identify Fraud Attempts in Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 62-70.
    3. Mehdi Hosseini Chagahi & Niloufar Delfan & Saeed Mohammadi Dashtaki & Behzad Moshiri & Md. Jalil Piran, 2024. "An Innovative Attention-based Ensemble System for Credit Card Fraud Detection," Papers 2410.09069, arXiv.org.
    4. IONESCU, Luminița, 2017. "Errors And Fraud In Accounting. The Role Of External Audit In Fighting Corruption," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 17(4), pages 29-36.
    5. Shathurshna Rathakrishnan & Thirunavukkarasu Baskar, 2024. "Fortifying Financial Integrity: Insights into Fraud Detection and Prevention Strategies Across Various Financial Companies in Sri Lanka from the Perspectives of Accountants and Internal Auditors in an," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(6), pages 2168-2181, June.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:863-868. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.