AN APPLICATION ON THE AVAILABILITY OF ANALYTICAL REVIEW PROCEDURES IN FRAUD AUDITING

Abstract

Increasing company scandals and the emergence of fraudulent transactions of different sizes within businesses have led to the development of a type of audit called fraud auditing. Illegal transactions made to deliberately and knowingly include misleading information in the financial statements, to hide some irregularities and to obtain different gains are defined as accounting fraud. In the studies conducted, it has been observed that fraudulent transactions increase under certain market and economic conditions, and three risk categories, called the fraud triangle, are defined as “pressure, opportunity and excuse” regarding the factors affecting the occurrence of fraud. It is observed that definitions such as cheat tile (diamond), cheat pentagon are made by adding these risk categories over time. The probability of these categories being found in the analyzed financial data can be estimated by analytical examination procedures, and although it is not possible to detect all frauds, there is a possibility of detecting errors or frauds. The most widely used technical financial statements analysis in analytical review procedures. The main purpose of this research is to determine the effects of using financial statement analysis techniques to detect fraud within the scope of analytical examination, as a result of applying them to the financial statements of businesses whose data are published in the Public Disclosure Platform. And the evaluation of these results in the context of ISA 240 Auditor's Fraud Responsibilities in the Independent Audit of Financial Statements.