Consideratii privind responsabilitatea auditorilor financiari de a detecta fraudele comise asupra proprietatii
CONSIDERATIONS CONCERNING THE FINANCIAL AUDITORS’ RESPONSIBILITY TO DETECT THE FRAUDS COMMITED UPON AN ENTITY’S PROPERTY

Summary/Abstract: During the audit process of the financial situations, the auditor has a great responsibility in detecting the significant falsifications of the information due to fraud. The International Federation of Accountants (IFAC), the representative international structure of the accounting profession has elaborated the International Audit Standard 240 “The Auditor’s responsibility to analyze the fraud in an audit of financial situations” which establishes the regulations and offers the recommendations concerning the procedures that must be applied by the auditor in order to detect the significant falsifications consequent to fraud which influences the fidelity of the information presented in the financial situation. The auditor can identify a falsification in the financial situations and in this case he must analysis if such a falsification can indicate a fraud and when such a clue exists, the auditor must analyze the implications of falsification in relation with other audit aspects, especially those related to the credibility of the leadership’s declarations. The auditor’s responsibilities are different in each country and the obligation to confidentiality can be evaded in certain situations through a legal status, law or court order. In some countries, the auditor is compelled to report the emergence of frauds to the authorities when the leadership and the management of the entity do not take corrective measures.

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