NAVIGATING THE GLOBAL ACCOUNTING LANDSCAPE: ADVANCING FINANCIAL LEVEL REPORTING STANDARDS TO COMBAT FINANCIAL FRAUD

Financial fraud stands as a formidable challenge within the global economic milieu. While extant literature has extensively scrutinized financial fraud reporting, scant attention has been directed towards exploring prevention strategies from the vantage point of auditors, particularly in burgeoning economies like India. This study delves into the adoption of accounting financial level reporting and the deployment of strategies for preventing financial fraud. Drawing from a sample comprising 199 auditors across various metropolitan cities in India, employing a convenience sampling methodology, this research elucidates the pivotal role of auditors' commentary in facilitating flexible and robust financial fraud reporting mechanisms. The findings underscore the indispensable role of auditors in the realm of fraud prevention, with both internal and external auditors frequently resorting to internal control reviews and enhancement strategies.


DOI:

Article DOI: 10.62823/ijemmasss.5.4(III).6342

DOI URL: https://doi.org/10.62823/ijemmasss.5.4(III).6342


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