Deterrence, Detection, and Investigation of Economic Fraud and Auditor’s Responsibilities Relating to Audit of Financial Statements According to International Standards

John Velentzas (), Georgia Broni () and Nick Kartalis
Additional contact information
John Velentzas: Western Macedonia University of Applied Sciences
Georgia Broni: Western Macedonia University of Applied Sciences
Nick Kartalis: TEI Western Macedonia

Chapter Chapter 49 in Advances in Applied Economic Research, 2017, pp 719-742 from Springer

Abstract: Abstract Fraud is an intentional act that results in a material misstatement in financial statements that are the subject of an audit. The risk of material misstatement refers to the risk that the financial statements are materially misstated and do not present true and fair view. Material misstatements relate to the information included in the financial statements. Material misstatements are such omissions and misstatements of financial information included in the financial statements that can affect the economic decisions of the users of financial statements. In an audit of financial statements, detection risk is the risk that the procedures performed by the auditor will not detect a misstatement that exists and that could be material, individually or in combination with other misstatements.

Keywords: Fraud; Auditing (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-48454-9_49

Ordering information: This item can be ordered from
http://www.springer.com/9783319484549

DOI: 10.1007/978-3-319-48454-9_49

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().