Mapping Fraud Risk in Financial Audit – Sales Operations

Ioan Radu, Elena Monica Sabău and Cleopatra Șendroiu
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Ioan Radu: Bucharest Academy of Economic Studies
Elena Monica Sabău: Bucharest Academy of Economic Studies
Cleopatra Șendroiu: Bucharest Academy of Economic Studies
Authors registered in the RePEc Author Service: Cleopatra SENDROIU

SEA - Practical Application of Science, 2013, issue 2, 272-281

Abstract: This paper provides an effective tool «fraud risk map« for organizations and auditors in mathematic assessment procedures, with real, tangible results, regarding the organization’s fraud risk exposure. Overcoming the fade and purely theoretical risk assessment methods («based on professional judgement – risk: high, medium, low«), the paper presents risk indicators as warning signals and quantitative and qualitative methods for risk assessment. Illustrating scalability methods and developping a practical tools for material misstatement of the economic entity financial statements, the case study presented, on sales operations, brigs added value to auditors work in the fraud risk assessment procedures.

Keywords: fraud risk; risk assessment; risk map; sales audit (search for similar items in EconPapers)
JEL-codes: M12 M14 M41 M42 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2013:i:2:radu

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