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Corruption, fraud and internal control

Annals of Spiru Haret University

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ISSN 2393-1795
 
Authentication Code dc
 
Title Statement Corruption, fraud and internal control
 
Personal Name IONESCU, Luminiţa
Luminiţa IONESCU Romanian Academy Post-Doctoral Scool
 
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Summary, etc. The economic crunch created a specific context for activity and profitability failing. The corruption is more and more common in our days. In the same time, the amount of money lost by businesses and the public sector to larger frauds increased last year to unthinkable limits. The shareholders expect the directors to take care to protect their company’s assets. This is why the financial controller has a very important role in each organization. The techniques to detect corruption or a fraud are developing every year. Thus, the introduction of computerized accounting has created the opportunities to conduct very comprehensive tests at relatively little cost. However, the fraudsters became more and more clever, and the controllers are responsible for the prevention and detection of fraud. The procedures that controllers should adopt with regard to fraud depend on the risk that fraud could occur and remain undetected and also the risk of that fraud impairing the truth and fairness of the statement.    
 
Publication, Distribution, Etc. Editura Fundatiei Romania de Maine
 
Electronic Location and Access http://anale.spiruharet.ro/index.php/economics/article/view/10413
 
Data Source Entry Annals of "Spiru Haret". Economic Series; Vol 10, No 4 (2010)
 
Language Note eng
 
Terms Governing Use and Reproduction Note Copyright (c) 2010 author