Internal Audit and Fraud Prevention

Ruse Elena (), Susmanschi Georgiana () and Spineanu Georgescu Luciana ()
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Ruse Elena: Andrei Saguna University
Susmanschi Georgiana: Spiru Haret University
Spineanu Georgescu Luciana: Spiru Haret University

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1475-1479

Abstract: Modern management of economic entities, regardless of the nature of society, whether it is a public or a private entity, cannot be developed without a rigorous and flexible control. Running a company requires a permanent and systematic control of the business. Fraud in general can be defined as cheating, dishonest act committed by someone, usually to make a material profit from the rights of others, and act as thieves sum stolen by fraud. The emergence of fraud in a company is an issue that must not be lost of sight by the management entity. Fraud detection in time can have significant negative effects for the entity. Some of the internal audit’s role in the entity consist in proposals and recommendations to mitigate the risk of fraud. In this aspect, internal auditors must notify management at the first clues of a fraud existence and support management in their actions.

Keywords: internal audit; fraud; preventing fraud; internal control. (search for similar items in EconPapers)
JEL-codes: M42 (search for similar items in EconPapers)
Date: 2013
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