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Visoka poslovna škola strukovnih studija- Novi Sad , Novi Sad , Serbia
Visoka poslovna škola strukovnih studija- Novi Sad , Novi Sad , Serbia
In terms of global and increasingly complex socio-economic activities, supported by information and communication technologies, there is a rapid increase of complex number of criminal activities. The seventies and eighties in the last century are characterized by an increased public interest in responsibilities and audit effects. This paper examines the role of auditors in the audit of financial statements and the detection of criminal activities. Frauds in financial statements refer to manipulations, falsification or alteration of records, misappropriation of funds, recording fictitious events and similar things. Regardless of the importance of accurate representation of financial position and results of business in financial statements, this period is characterized by the numerous of low-quality audits, Congressional discussions on the mentioned subject, forming special commissions for determining the audit role and responsibilities, as well as the increased activity of the Committee for Auditing Standards.
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