Purpose – The objective of this paper is to show to the public in general and auditors in particular that in the absence of control there is always a risk of fraud. Fraud can be in various forms. Larceny may be the most obvious case of fraud, but fraud may be done in many other ways too....

This paper, explores devaluation as a reason for the lack of long term foreign capital investments in countries such as Turkey. It touches the application of International Accounting Standards in Turkish Capital Market as Turkey's being a candidate for European Union. The detrimental...

Three conditions of fraud arising from fraudulent financial reporting and misappropriations of assets are described in Section 5135.012 of the Canadian Institute of Chartered Accountants Assurance Handbook titled “The Auditor's Responsibility to Consider Fraud and Error.” These three...

With regards to greed, especially the greed of the CEO or the owner of the group is another important factor in financial fraud. He/she wants to expand the business without having the expertise in the new industry. I.e. for an industrialist, banking is a new area which requires a completely...

In this paper, the author initially determines the reasons of the lack of long term foreign capital investments in Turkey and then touches the application of International Accounting Standards in Turkish Capital Market as Turkey's being a candidate for European Union. Then he shows the...