FRAUD AND RESPONSIBILITIES OF AUDITOR IN DETECTING AND PREVENTING OF FRAUD

Abstract

The purpose of this paper is to discuss about the fraud and the responsibilities of auditor in detecting and preventing of fraud. Fraud can be considered as most concerning problem of the business. Because of this have more effect to all most of companies in the world. However, the companies can make more motivations from fraudulent activities, then, this trend is being likely continued in the futures. There are many types of fraud such as accounting fraud, investment frauds, financial fraud, etc. Fraud is one of the big issues to make more damage in the company. Therefore, the responsibilities of auditor play important in detecting and preventing fraud. In this study, I will discuss about this, and some issues that related to audit procedure that auditor applied in working process.