Accountability of auditors for fraud

Rajab Ali Kevani Hafshjani¹

1) Author

IOI Code : XKDB-AZAZKA
Publication : 4th International Conference on Advanced Research in Management And Humanities(huconf.com/4th)
Abstract :
    In recent years, fraud in companies has led to exorbitant costs of millions. Only in the United States and the United Kingdom, the amount of reported fraud reaches billions of dollars, although it is said that these reports may only include 10% of all frauds. Evidence shows that fraud in companies is a serious problem. These frauds, especially when they are committed by managers and senior employees of companies, usually come out of the blue when companies are unexpectedly in dire straits. At these times, the question arises, where have the auditors been? The role of independent auditors in detecting and reporting fraud in companies is a controversial issue. The professional opinions of auditors are different, and for this reason, the greatest amount of cooperation is necessary to reduce the gap between the expectations of audit performance. Numerous studies have shown that while politicians, courts, financial publications and many others expect auditors to detect and report fraud, the auditing profession in general has reduced its responsibilities in this field and emphasizes that detecting fraud is the responsibility of managers. and auditing for this role is unplanned and unreliable.

Keywords : audit fraud liability