ABSTRACT. The aim of this paper is to present the importance of auditing in curbing corruption and fraud, how audit is evaluating the internal control and the role of accountants in discovering fraud or theft. The role of audit is crucial for improving an organization’s governance, management and to prevent corruption, because the misstatements in the financial statements can arise from either fraud or error. The auditors and professional accountants are playing an important role in combating corruption and fraud. This paper presents the way in which auditors are fighting private sector corruption using the International Standard of Auditing and International Accounting Standards. pp. 56–59

Keywords: accounting; corruption; globalization; government; fraud; internal control

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Spiru Haret University, Bucharest

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