Mapping Fraud Risk in Financial Audit – Sales Operations
Mapping Fraud Risk in Financial Audit – Sales Operations

Summary/Abstract: This paper provides an effective tool « fraud risk map« for organizations and auditors in mathematic assessment procedures, with real, tangible results, regarding the organization’s fraud risk exposure. Overcoming the fade and purely theoretical risk assessment methods (« based on professional judgment – risk: high, medium, low«), the paper presents risk indicators as warning signals and quantitative and qualitative methods for risk assessment. Illustrating scalability methods and develop a practical tool for material misstatement of the economic entity financial statements, the case study presented, on sales operations, brings added value to auditors work in the fraud risk assessment procedures.

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