Mihaela-Alina Robu

The Fraud Auditing:Empirical Study Concerning theIdentification of the FinancialDimensions of Fraud

The last two decades, marked by financial instability, economic crises, the bankruptcy of worldwide renowned companies, stock exchange speculations, financial scandals and lack of trust in capital markets, have lead to an economic downfall and have brought back into light the analysis of the responsible factors. Of these, financial fraud is a significant element regarded as a disastrous phenomenon difficult to pin under safe touchlines. Therefore, the identification of the determining factors of fraud is nowadays an important desideratum at an international level for the prevention and elimination of these events beyond the psychological approaches. This study aims to identify the main financial components of fraud in order to obtain score classification functions, as well as to determine the probability of occurrence of the risk of fraud starting from a series of consecrated economical-financial indicators by using advanced statistical methods of data analysis. The research objectives and the validation of the work hypotheses have been achieved based on the study of 65 frauded and unfrauded companies, quoted on the main financial markets in the world. In order to obtain the research results, the data have been processed with SPSS 19.0.

THE VALUE RELEVANCE OF FINANCIAL INFORMATION UNDER THE INFLUENCE OF COUNTRY RISKS. THE CASE OF THE INDIAN LISTED COMPANIES

Abstract In the decision-making process investors need quality financial information based on reported accounting numbers. Such numbers are present in financial statements and must meet a series of fundamental characteristics, such as relevance and faithful representation. The present paper aims to analyse and assess the value relevance of financial information on the financial market in India under the influence of the main country risk components (i.e. economic risk and freedom to set up businesses, corruption control, financial, fiscal, monetary and investment freedom). The research was carried out on a sample of companies listed on the regulated market in India between 2006 and 2014. The results of applying general linear models have shown that, over time, the country risk can have a significant influence on the value relevance of the financial statements reported at the financial market level.

Strategic Instruments for University Performance Evaluation in the Context of the Economy Based on Knowledge

The first objective of knowledge economy is to capitalize on the human resource through the potential of the knowledge and cognitive skills of the latter. An important role in educating and training the human resource in the economic field is played by specialized universities, which, through master programs and by increasing the performance of the educational act, determine a better insertion of the master degree students in labor market. Starting from the standard form of the Balanced Scorecard, in this paper there has been drawn a strategic instrument for evaluating university performance and the axes and strategic objectives with implications on evaluation and improving educational performance have been founded. After questioning a sample of 147 master degree students, and according to the analysis of the master program accreditation file, the main factors that contribute to increasing university performance have been identified using the regression analysis with dummy variables and the logistic regression analysis. In order to obtain the results of the research, the data has been processed using SPSS 15.0.

Financial Security and Business Ethics: The Fundamentals of a Deterministic Model for Tracking Financial Fraud

The financial crises that have shaken global economy have largely been the result of a discretionary influence abuse of managers and administrators, as well as a consequence of the lack of independence of the auditors, to the detriment of other subjects. This paper aims at setting the foundations and testing a deterministic model of fraud detection, following a study made on the financial statements belonging to a sample of 65 quoted organizations, guided by the classification of financial fraud made by the international standards on auditing. The financial auditor resorts to diagnosis analysis in order to identify, using specific indicators, errors, inconsistencies, accounting manipulations that may represent a basis of fraud. This has lead to testing, within this paper, the existence of interdependencies between a series of ratios (independent variables) and the financial frauds that may occur within a company. Therefore, the most representative ratios have been selected, for building a mathematical model (score function) that would provide the financial auditor with information necessary for fraud detection.