THE ROLE OF ACCOUNTANTS AND AUDITORS IN FIGHTING ORGANISED CRIME
Criminal activities and organised crime became the main generators of social and state instability in the recent years, much more that the wars. They generate significant illegal money and need to launder this money so that they can be integrated into the legitimate financial system. Economic...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
KD Mapro
2014-07-01
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| Series: | Journal of Process Management. New Technologies |
| Subjects: | |
| Online Access: | http://www.japmnt.com/images/Volume%202/Issue%203/4.%20THE%20ROLE%20OF%20ACCOUNTANTS%20AND%20AUDITORS%20IN%20FIGHTING%20ORGANISED%20CRIME.pdf |
| Summary: | Criminal activities and organised crime
became the main generators of social and state
instability in the recent years, much more that the
wars. They generate significant illegal money and
need to launder this money so that they can be
integrated into the legitimate financial system.
Economic and financial crimes that called white
collar crimes, typically has diffuse costs to society
and concentrated benefits for the perpetrators. The
social expectations are that the auditors should play
an effective role in reducing, if not eliminating, these
crimes.New auditing standards require auditors to
take a proactive approach to assessing whether
management has in place appropriate systems and
controls to manage the risk of fraud.This paper shed
light on nature, impacts and types of economic and
financial crimes, and then the role of auditing
profession in fighting against them.
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| ISSN: | 2334-735X 2334-7449 |