CORRUPTION AND BRIBERY ASSESSMENT - ECONOMETRICS ALGORITHMS AND PERCEPTION INDEX

Processes assessing the audit risk or fraud risk at company level, call on professional judgment and experience of auditors or antifraud managers considering as risk assessment procedure, the concentric circles technique, in assessing national economic environment, the industry and then the internal...

Full description

Saved in:
Bibliographic Details
Published in:Management & marketing (Bucharest, Romania) Romania), 2013-01, Vol.8 (1), p.209
Main Author: Sabau, Elena Monica
Format: Article
Language:English
Subjects:
Audit risk
Auditors
Bribery
Discriminant analysis
Econometrics
Economic growth
Financial statements
Fraud
Influence
Macroeconomics
Perceptions
Polls & surveys
Public opinion surveys
Risk assessment
Studies
Trade restrictions
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Processes assessing the audit risk or fraud risk at company level, call on professional judgment and experience of auditors or antifraud managers considering as risk assessment procedure, the concentric circles technique, in assessing national economic environment, the industry and then the internal environment of the company. If for assessing risks in the industry we refer to the specific regulations and business practices and for reporting and internal environment of the organization, there is a wide range of internal control protocols that are verified and validated, for the national economic environment issues become more complicated. Most audit companies are using the perception indexes issued by Transparency International and World Bank Institute. This paper shows the limits of those indexes and presents an advanced econometric analysis for corruption level assessment. The paper demonstrates that using factor analysis by auditors becomes an instrument of major importance in determining accurate audit risk or fraud risk associated with national economic context [PUBLICATION ABSTRACT]
ISSN:1842-0206
2069-8887