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The Auditor's Responsibility for Finding Errors and Fraud from Financial Situations: Case Study

Dan Ioan Topor ()

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2017, vol. 7, issue 1, 342-352

Abstract: The purpose of this article is to highlight the auditor's responsibility for detecting errors and fraud in the financial statements of an economic entity. The approaches to the concepts of error and fraud are presented through the interpretations of the audit specialists, as well as other considerations regarding the auditor's responsibility in their discovery in the financial statements. The article is accompanied by a detailed case study in which the procedure for auditing the financial situation of an economic entity is performed by going through all stages specific to the auditing process. The article ends with the author's conclusions regarding the findings made and the auditor's responsibility for detecting errors and fraud in the financial statements.

Keywords: Auditor; error; fraud; risk factors; financial statements (search for similar items in EconPapers)
Date: 2017
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