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What Managing and Auditors Can Do to Help Stop Fraud, Mistakes and Illegitimate Acts

 What Supervision and Auditors Can Do to Help Stop Fraud, Problems and Against the law Acts Dissertation

Jeff Sacks-Wilner

Term Newspaper

What Managing and Auditors can carry out to Help Stop Fraud, Mistakes and Unlawful Acts

Bogus, erroneous, and illegal works committed with a public company, usually in a bureaucratic or exec level, have already been a very serious problem for many years and have prompted progress strict and updated regulations, such as the Sarbanes-Oxley Act, in an attempt to prevent these types of occurrences. Regrettably, these fresh or up to date regulations are generally not enough to prevent these works from taking place, thus not alleviating the auditors of their responsibility to detect scams. Some strategies that supervision and auditors can use to prevent and detect fraudulence, errors, and illegal acts are: improving knowledge, enhancing skills, and improving skills. Improving the information of the audit committee and external taxation team in general accounting rules and types of procedures, as well as earlier fraudulent actions, enhances their understanding of the financial assertions being audited, effectively elevating their capability to notice mistakes. Even internal auditors can benefit from this simply by noticing the red flags of fraud and notifying the appropriate hierarchy. Improving their abilities in accounting methods will make members more able to evaluate fraud hazards. Finally, by simply improving all their abilities to realize fraud, users of the auditing committee and internal auditing team know how to search for fraud after that be able apply their new understanding of and experience with scam prevention and detection to future audits. Preventing and detecting scam in an taxation is hard without the correct knowledge and understanding of accounting principles and procedures, and also knowledge of deceptive activities. AU section 316. 52 states, " Alter[e] the nature, time, and level of auditing procedures necessary to address recognized risks of material misstatement due to fraud, ” (Nysscpa). Without the appropriate understanding of accounting procedures, the auditor may not...

Cited: Apostolou, Nicholas, and Crumbley, D. Lewis. " Auditors' Responsibilities regarding

Fraud: A Possible Move? " NYSSCPA. ORG | The Web Site in the New York Express Society of CPAs. Nyc State Society of Certified public accountants, Feb. 08. Web. 18 June 2012..

Fleming, Arron S., Ph. D, Sterling silver, Stephen At the., CPA, CFE, and Riley, Richard A., Jr., Ph level. D.

" Preventing and Finding Collusive Management Fraud: The Audit Committee 's Oversight Role. " The CERTIFIED PUBLIC ACCOUNTANT Journal. New york city State Society of CPAs, Oct. 08. Web. 16 June 2012..

" Whistleblower - Police informant Award. " Compliance and Enforcement. And. p., d. d. Net. 27 Summer

2012..

 Poverty in Africa and water get Research Newspaper

Poverty in Africa and water get Research Newspaper

п»їName: ______________________________ Particular date: _______________________ LOW INCOME IN AFRICA BEGINS WHICH HAS A LACK OF CLEAN WATER Probably the most causes of lower income in Africa…...

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 History Teaches Us Only 1 Thing: Being aware of About days gone by Cannot Assist individuals to Make Essential Decisions Today. Essay

History Teaches Us Only 1 Thing: Being aware of About days gone by Cannot Assist individuals to Make Essential Decisions Today. Essay

" Record teaches all of us only one point: knowing regarding the past are not able to help people to make important decisions today. " History is the past…...

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