Danubius International Conferences, 12th International Conference on European Integration - Realities and Perspectives

Internal Audit – Pillar for Preventing and Combating Fraud

Carmen Toderașcu, Bogdan Filip
Last modified: 2017-04-12


When referring to business environment it can be easily observed that the risk of fraud is becoming more common in the case of the companies. At the same time, those entities that have not yet encountered this problem tend to believe that it will not appear in the future, preferring not to take any prevention measures in this regard. However, fraud can appear both in the public and private sectors and involves most often the complicity to fraud of people from inside that entity, such as employees, but also customers and suppliers. The most common situation of fraud is that determined by the employees of the company but is also very common the fraud undertaken by business owners, by directors or other persons responsible for overseeing various activities.

The purpose of this paper is to highlight the role of internal audit as a significant pillar for preventing and combating fraud within public and private entities.