University Membership Program
Click here »
Click here »
Journal Details
IBIMA Publishing library
Open Access to full-text Articles
Journal of Accounting and Auditing:
Research & Practice
The Fraud Auditing: Empirical Study Concerning the Identification of the Financial Dimensions of Fraud
Marilena Mironiuc, Ioan-Bogdan Robu and Mihaela-Alina Robu
“AL. I. CUZA” University of Iaşi, Romania
Volume 2012 (2012), Article ID 391631, Journal of Accounting and Auditing: Research & Practice, 13 pages, DOI: 10.5171/2012.391631
Copyright © 2012
Marilena Mironiuc, Ioan-Bogdan Robu and Mihaela-Alina Robu.This is an open
access article distributed under the Creative Commons
Attribution License unported 3.0, which permits unrestricted use,
distribution, and reproduction in any medium, provided that original
work is properly cited.
Abstract
The
last two decades, marked by financial instability, economic crises, the
bankruptcy of worldwide renowned companies, stock exchange
speculations, financial scandals and lack of trust in capital markets,
have lead to an economic downfall and have brought back into light the
analysis of the responsible factors. Of these, financial fraud is a
significant element regarded as a disastrous phenomenon difficult to
pin under safe touchlines. Therefore, the identification of the
determining factors of fraud is nowadays an important desideratum at an
international level for the prevention and elimination of these events
beyond the psychological approaches. This study aims to identify the
main financial components of fraud in order to obtain score
classification functions, as well as to determine the probability of
occurrence of the risk of fraud starting from a series of consecrated
economical-financial indicators by using advanced statistical methods
of data analysis. The research objectives and the validation of the
work hypotheses have been achieved based on the study of 65 frauded and
unfrauded companies, quoted on the main financial markets in the world.
In order to obtain the research results, the data have been processed
with SPSS 19.0.
Keywords: fraud dimensions, fraud auditing, financial auditing, financial ratios, principal components analysis, discriminant analysis, logistic regression analysis
Keywords: fraud dimensions, fraud auditing, financial auditing, financial ratios, principal components analysis, discriminant analysis, logistic regression analysis
