THE IMPORTANCEAND ROLE OF INTERNAL AUDIT MISSIONS OF STOCKS

Annals of the University of Craiova: Economic Sciences Series

Maria-Andreia Iliescu (Ristea)¹  Nensi Xhani²  Marioara Avram²  Cristian Drăgan² 

[1] University of Craiova, Doctoral School of Economics, Faculty of Economics and Business Administration, Economy Craiova, Romania ;University of Craiova, Doctoral School of Economics, Faculty of Economics and Business Administration, Economy Craiova, Romania;

关键词: internal audit;    stocks;    economic entity;    financial statements;    fraud;   

DOI  :  

来源: DOAJ

【 摘 要 】

In the case of entities with a significant inventory/stocks turnover, the implementation of internal audit function must be a concern of both management and shareholders, in order to prevent and detect the risk of embezzlement of these assets. This procedure must provide assurance that the inventoried stocks are correct and in a proper condition to be used according to their nature in the entity's activity. It is necessary for the entity to implement its own appropriate policies and procedures regarding these categories of assets' management and administration due to the fact that these assets present a very high risk of fraud and, in most cases, this can be provoked even by entity's employees

【 授权许可】

Unknown