Supervisor: Ioannis Velentzas
Title: THE CONTRIBUTION OF INTERNATIONAL STANDARDS ON AUDITING IN IDENTIFYING, ASSESSING AND PREVENTING FRAUD
Three – Member Advisory Comitee: Ioannis Velentzas, Georgia Broni, Nikolaos Kartalis
Abstract: The study is about the auditor’s responsibility in detecting fraud in control of the financial statements of companies. These responsibilities, are also the scope of International Auditing Standard 240, which also constitutes the central axis of the analysis. The study is based on audit standards 240, 315 and 330. These standards are used to discuss how auditors comply with the requirements of the standards as they conduct an audit. More specifically, a study is conducted on the concept of financial fraud and the role played by auditors in its detection, as provided by International Auditing Standard 240. Also, the concepts of risk as provided by International Standard on Auditing 315 are defined and the procedures that are expected to be done on the part of the auditor, while it is being studied and the International Auditing Standard 330 which provides for the reactions that should have the auditor against the assessed risks