The Analysis of Fraud Risk Profile in Audit Risk Assessment
Author:
Univ. Prof. Marilena MIRONIUC, Ph.D., lecturer Ionela-Corina CHERSAN, Ph.D., Ioan-Bogdan ROBU, Ph.D. Student
JEL:
C12, C35, C38, M41, M42
DOI:
Keywords:
audit risk, fraud risk, factor analysis, risk profile, dummy variables
Abstract:
The study allowed outlining a profile of the fraud risk, according to a number of qualitative factors, based on the factor analysis and multiple regressions with dummy variables. Starting from the areas of activity of firms rigged, the period of the fraud conducting and identification (before or after the adoption and implementation of Sarbanes-Oxley Act), and from the auditor has issued the opinion in the report (during the fraud took place), it was demonstrated that it could be obtain a fraud profile risk (fraud on the assets or fraud on the reporting). The analysis was conducted on a sample of 30 companies that were rigged (internationally famous cases). Data processing was performed with SPSS 15.0 computer tool.\r\n\r\n\r\n.\r\n