THE CONFLICT OF INTEREST AND THE INFLUENCE ON THE FINACIAL STATEMENTS OF A COMPANY

Meral Kagitci and Oana Gabriela Spiridon,
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Oana Gabriela Spiridon,: Universite Paris 1 Pantheon-Sorbonne

SEA - Practical Application of Science, 2014, issue 5, 381-384

Abstract: The financial crisis revealed serious imperfections in the integrity of the financial system, exposing major cases of fraud and conflict of interest. This integrity deficitis a cause for con-cern,given the roles of the information in the decision making process and on the financial-market. Further more, the European audit system has been questioned following the fact that the quality of audits has been criticised by the investors. These events have revealed the failure of the auditing system to deliver true independent assurance, being based in many cases by a certain degree of conflict of interests.

Keywords: Audit; Consulting; Risk; Big four; Financial crisis (search for similar items in EconPapers)
JEL-codes: G00 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2014:i:5:p:381-384

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