Fraud Risk Assessment - Empirical Aspects
Author:
Alexandru CORACIONI
JEL:
M10, M42
DOI:
Keywords:
fraud risk, fraud triangle, audit procedures, fiscal fraud
Abstract:
The article presents the risk of fraud concept within the framework of ISA 240 and SAS 99 and also, the particular impact for the specific operations of the stock market. In particular, it is discussed the “fraud triangle”, under the circumstances where the opportunity, pressures and rationalization represent the key factors of fraud. The theoretical concept is accompanied by practical examples of specific audit procedures. The customary problematic of the risk of fraud which may determine material misstatements of the financial statements is supplemented by some specific examples from the fiscal fraud area.\r\n\r\n