The Role and Responsibility of Auditors in Prevention and Detection of Fraudulent Financial Reporting

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• 作者：Lajos Zager ; Sanja Sever Malis ; Ana Novak ; ^{anovak@efzg.hr" class="auth_mail" title="E-mail the corresponding author}
• 关键词：fraud ; fraudulent financial reporting ; asset misappropriation ; prevention ; detection ; auditor
• 刊名：Procedia Economics and Finance
• 出版年：2016
• 出版时间：2016
• 年：2016
• 卷：39
• 期：Complete
• 页码：693-700
• 全文大小：144 K

文摘

This research examines the roles and the responsibilities of the key stakeholders of the financial reporting in the prevention and detection of fraud. The methods used and types of transactions most vulnerable to fraudulent financial reporting are examined. For the need of the empirical part of the paper, the questionnaire survey was conducted. The respondents, external auditors, evaluated how often they encounter circumstances indicating the possibility of fraud. In accordance with the conducted research the most common technique used to fraudulent financial reporting involved overstatement of assets.