ArticleOpen Access http://dx.doi.org/10.26855/jhass.2022.01.009
Fraud Risk—Main Aspects and Approaches
Adalmiro Pereira1, Ângela Vaz2,*, Eduardo Sá Silva1
1PhD in management, member of CEOS, ISCAP-PPorto, Porto, Portugal.
2U. VIGO (University of Vigo), Vigo, Spain.
*Corresponding author: Ângela Vaz
Published: March 2,2022
Abstract
Fraud can involve sophisticated and carefully organized schemes designed to hide it, such as a deliberate failure of the transaction record. It is important that a strong emphasis is placed on preventing fraud, to reduce the chances of its occurrence, discouraging it and trying to persuade individuals not to commit it due to the probability of its detection and punishment. Our fraud risk management study concludes that many management issues arise in the fraud risk management process that must be addressed by regulators and companies to ensure that the fraud risk management process is embedded as a corporate culture, not just as a process. Well-implemented audit processes make it possible to create the risk culture in an organization and whether auditors and risk management committees identify risks from each available source.
Keywords
Audit, Audit Tests, Fraud risk, ISA 200
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How to cite this paper
Fraud Risk—Main Aspects and Approaches
How to cite this paper: Adalmiro Pereira, Ângela Vaz, Eduardo Sá Silva. (2022) Fraud Risk—Main Aspects and Approaches. Journal of Humanities, Arts and Social Science, 6(1), 81-84.
DOI: http://dx.doi.org/10.26855/jhass.2022.01.009