The purpose of the article is to analyze the relevance of the audit in minimizing the risk of fraud. The methodology of …

Fraud detection is among the highest priorities for the accounting profession, standard setters, regulators, and … misstated due to fraud. Via a survey of practicing auditors, we find that auditors rely heavily on prior year balances and … flows outperform both prior year balances and relations within the client’s financial data when assessing fraud risk. Of all …

deter fraud and made the implications of fraud particularly salient to external auditors. Our findings are important because …