Fraud Risk in Audit Activities According to IAS 8
According to international auditing standards, fraud is an intentionally action realised by one or more persons as management, employees or third parties, action that generate erroneous interpretation of financial statements. The real intention is to cheat. However, there can be involved some errone...
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| Format: | Article |
| Language: | English |
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Faculty of Economic Sciences, Hyperion University, Bucharest
2014-03-01
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| Series: | Hyperion Economic Journal |
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| Online Access: | http://hej.hyperion.ro/articles/1(2)_2014/HEJ%20nr1(2)_2014_Y3Radu.pdf |
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| author | Raluca – Ionela Radu Ciprian Tudurachi |
| author_facet | Raluca – Ionela Radu Ciprian Tudurachi |
| author_sort | Raluca – Ionela Radu |
| collection | DOAJ |
| description | According to international auditing standards, fraud is an intentionally action realised by one or more persons as management, employees or third parties, action that generate erroneous interpretation of financial statements. The real intention is to cheat. However, there can be involved some erroneous calculus generated by creative accounting. The concept of “error” refers to unintentionally mistakes that could appear in financial statements. We think there could be mathematical or accounting mistakes, unintentionally omission, or wrong interpretation of certain facts, accounting policies wrong application. All these actions are unwittingly. It is very important to identify situations cause and take necessary measures to eliminate them |
| format | Article |
| id | doaj-art-a7f6763603e34d16b4d4c77874e0574b |
| institution | Matheson Library |
| issn | 2343-7995 2343-7995 |
| language | English |
| publishDate | 2014-03-01 |
| publisher | Faculty of Economic Sciences, Hyperion University, Bucharest |
| record_format | Article |
| series | Hyperion Economic Journal |
| spelling | doaj-art-a7f6763603e34d16b4d4c77874e0574b2025-08-02T16:05:54ZengFaculty of Economic Sciences, Hyperion University, BucharestHyperion Economic Journal2343-79952343-79952014-03-01214649Fraud Risk in Audit Activities According to IAS 8Raluca – Ionela Radu0Ciprian Tudurachi1„1 Decembrie 1918” University from Alba IuliaValahia University from Targoviste, RomaniaAccording to international auditing standards, fraud is an intentionally action realised by one or more persons as management, employees or third parties, action that generate erroneous interpretation of financial statements. The real intention is to cheat. However, there can be involved some erroneous calculus generated by creative accounting. The concept of “error” refers to unintentionally mistakes that could appear in financial statements. We think there could be mathematical or accounting mistakes, unintentionally omission, or wrong interpretation of certain facts, accounting policies wrong application. All these actions are unwittingly. It is very important to identify situations cause and take necessary measures to eliminate themhttp://hej.hyperion.ro/articles/1(2)_2014/HEJ%20nr1(2)_2014_Y3Radu.pdffraudillegal behaviourlaw enforcementauditauditingauditordouble entryriskIAS 8 |
| spellingShingle | Raluca – Ionela Radu Ciprian Tudurachi Fraud Risk in Audit Activities According to IAS 8 Hyperion Economic Journal fraud illegal behaviour law enforcement audit auditing auditor double entry risk IAS 8 |
| title | Fraud Risk in Audit Activities According to IAS 8 |
| title_full | Fraud Risk in Audit Activities According to IAS 8 |
| title_fullStr | Fraud Risk in Audit Activities According to IAS 8 |
| title_full_unstemmed | Fraud Risk in Audit Activities According to IAS 8 |
| title_short | Fraud Risk in Audit Activities According to IAS 8 |
| title_sort | fraud risk in audit activities according to ias 8 |
| topic | fraud illegal behaviour law enforcement audit auditing auditor double entry risk IAS 8 |
| url | http://hej.hyperion.ro/articles/1(2)_2014/HEJ%20nr1(2)_2014_Y3Radu.pdf |
| work_keys_str_mv | AT ralucaionelaradu fraudriskinauditactivitiesaccordingtoias8 AT cipriantudurachi fraudriskinauditactivitiesaccordingtoias8 |