THE ROLE OF THE FINANCIAL AUDIT IN PREVENTING AND COMBATING MONEY LAUNDERING

Emilia Vasile () and Nelu Burcea ()
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Emilia Vasile: Athenaeum University of Bucharest
Nelu Burcea: Athenaeum University of Bucharest

Internal Auditing & Risk Management, 2016, vol. 42, issue 1, 11-15

Abstract: The role of the financial audit in preventing and combating money laundering is to enhance the information credibility from the financial statement. Among the most important laws in defining and explaining the legal obligations on prevention of money laundering is the FATF guide on measures of risk, published in 2008. The legal framework in Romania in this field was established by the Law no.656 / 2002. In Romania, the structure of the profession representation with its obligations established by the Law 656/2002 is the Body of Accountants Expert and the Chamber of Financial Auditors.

Keywords: money laundering; financial audit and accounting (search for similar items in EconPapers)
JEL-codes: M48 (search for similar items in EconPapers)
Date: 2016
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