CONSIDERATIONS ON APPLYING THE ANALYSIS MATRIX METHODS OF THE RISKS WITHIN THE AUDIT OF THE PROCUREMENT-PAYMENT CYCLE

Svetlana Slobodeanu and Neli Munteanu
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Svetlana Slobodeanu: Academy of Economic Studies of Moldova, Rep. of Moldova
Neli Munteanu: Academy of Economic Studies of Moldova, Rep. of Moldova

EcoForum, 2014, vol. 3, issue 2, 11

Abstract: In the article hereby we analyse the matrix method of analysis of the risks for fraud and error at the level of the procurement-payments cycle. The risk of presentation of certain fraudulent information regarding the accounts of the procurement-payments cycle becomes more and more accentuated in the enhancement of the administration’s wish to present financial indicators of performance. In these conditions, the auditor is to necessarily quantify the involvement of this phenomenon for the report of audit. As a consequence, the auditor is to evaluate the risk for fraud and apply additional audit procedures for identifying all the possible indicators for „remaking” the financial situations on the side of the accounts of suppliers, activity, as a last consequence of which may be a qualified opinion on audit

Keywords: financial audit; procurement-payments cycle; significant distortions; matrix method; risk for fraud. (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:scm:ecofrm:v:3:y:2014:i:2:p:11

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