Identification by the auditor in corporate fraud schemes with current assets

To date, the audit is one of the most important sectors of the economy. The effective functioning of the real sector depends largely on the thoroughness and frequency of inspections of financial and accounting documents. In particular, the external audit allows not only to identify the shortcomings of accounting in the enterprise, but also contributes to the improvement of internal control systems and business processes. The relevance of the chosen topic due to the fact that in certain sectors of the economy, the current assets take a large proportion in the asset structure of the balance sheet. The constant movement and the materiality of the amounts can lead to errors and inaccuracies in the accounting records of the enterprise, and to encourage managers and financial staff to commit fraud. To detect and prevent these actions may involve an independent auditor.

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