Assessing the Risk Of Fraud in the Internal Audit Mission
The purpose of an internal audit is to provide advice and provide objective assurance on the effectiveness of the managerial internal control system by providing recommendations that ensure and contribute to improving the work of the public entity. By assessing systems, processes, high-risk activiti...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Academy of Economic Studies of Moldova
2019-12-01
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| Series: | CSIE Working Papers Series |
| Subjects: | |
| Online Access: | https://csei.ase.md/wp/files/issue14/WP_Issue14_27-36_BUL.pdf |
| _version_ | 1819080855394451456 |
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| author | Inga BULAT Rodica PERCIUN |
| author_facet | Inga BULAT Rodica PERCIUN |
| author_sort | Inga BULAT |
| collection | DOAJ |
| description | The purpose of an internal audit is to provide advice and provide objective assurance on the effectiveness of the managerial internal control system by providing recommendations that ensure and contribute to improving the work of the public entity. By assessing systems, processes, high-risk activities in the presence of errors, fraud, irregularities or significant non-conformities. The reality shows that, depending on the determinants, synthesized in pressures, opportunities and attitudes, there are significant differences in the risk of fraud. Differences can be identified at different levels of the internal control system, areas of activity and in different times, between financial years. The risk of fraud and corruption must be managed by the entity's management but also regularly evaluated by the internal auditor in conducting audit engagements. The establishment, assessment of the control environment and the management of major risks with a high degree of fraud implies a concise mechanism of effective activities in the prevention of fraud and corruption at entity and process level. This article will outline the basics of fraud in the public entity, the assessment of fraud risk by internal auditors using non-statistical models and indicators. |
| first_indexed | 2024-12-21T19:51:31Z |
| format | Article |
| id | doaj.art-52a2d4f9d4814f1e82c8e2a51dbabf23 |
| institution | Directory Open Access Journal |
| issn | 2537-6187 |
| language | English |
| last_indexed | 2024-12-21T19:51:31Z |
| publishDate | 2019-12-01 |
| publisher | Academy of Economic Studies of Moldova |
| record_format | Article |
| series | CSIE Working Papers Series |
| spelling | doaj.art-52a2d4f9d4814f1e82c8e2a51dbabf232022-12-21T18:52:11ZengAcademy of Economic Studies of MoldovaCSIE Working Papers Series2537-61872019-12-01142736Assessing the Risk Of Fraud in the Internal Audit MissionInga BULATRodica PERCIUNThe purpose of an internal audit is to provide advice and provide objective assurance on the effectiveness of the managerial internal control system by providing recommendations that ensure and contribute to improving the work of the public entity. By assessing systems, processes, high-risk activities in the presence of errors, fraud, irregularities or significant non-conformities. The reality shows that, depending on the determinants, synthesized in pressures, opportunities and attitudes, there are significant differences in the risk of fraud. Differences can be identified at different levels of the internal control system, areas of activity and in different times, between financial years. The risk of fraud and corruption must be managed by the entity's management but also regularly evaluated by the internal auditor in conducting audit engagements. The establishment, assessment of the control environment and the management of major risks with a high degree of fraud implies a concise mechanism of effective activities in the prevention of fraud and corruption at entity and process level. This article will outline the basics of fraud in the public entity, the assessment of fraud risk by internal auditors using non-statistical models and indicators.https://csei.ase.md/wp/files/issue14/WP_Issue14_27-36_BUL.pdfinternal auditfraud riskinternal controlfraudaudit missionentity. |
| spellingShingle | Inga BULAT Rodica PERCIUN Assessing the Risk Of Fraud in the Internal Audit Mission CSIE Working Papers Series internal audit fraud risk internal control fraud audit mission entity. |
| title | Assessing the Risk Of Fraud in the Internal Audit Mission |
| title_full | Assessing the Risk Of Fraud in the Internal Audit Mission |
| title_fullStr | Assessing the Risk Of Fraud in the Internal Audit Mission |
| title_full_unstemmed | Assessing the Risk Of Fraud in the Internal Audit Mission |
| title_short | Assessing the Risk Of Fraud in the Internal Audit Mission |
| title_sort | assessing the risk of fraud in the internal audit mission |
| topic | internal audit fraud risk internal control fraud audit mission entity. |
| url | https://csei.ase.md/wp/files/issue14/WP_Issue14_27-36_BUL.pdf |
| work_keys_str_mv | AT ingabulat assessingtheriskoffraudintheinternalauditmission AT rodicaperciun assessingtheriskoffraudintheinternalauditmission |