Internal Audit – Determinanat Factor In Preventing And Detecting Fraud Related Activity To Public Entities Financial Accounting

Victor Munteanu (), Lavinia Copinschi (), Carmen Luschi () and Anda Laceanu ()

Knowledge Horizons - Economics, 2016, vol. 8, issue 2, 14–21

Abstract: The objective of internal audit on fraud, identified in the financial and accounting activity in public entities is to give ensure and guarantee true and fair view of the assets, liabilities and equity, and the financial statements and results. To provide this guarantee internal audit monitors whether transactions and accounting operations entered correctly reflect the nature of the events that took place and whether they are likely to be distorted. The results of an internal audit mission, must ensure the quality and coherence of the financial accounting system, and to reflect correctly, sincerely and completely the financial accounting transactions from primary accounting documents and financial statements.

Keywords: Internal audit; financial and accounting fraud; faithful image; public entity; significant distortions (search for similar items in EconPapers)
JEL-codes: M41 M42 (search for similar items in EconPapers)
Date: 2016
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