Fraudulent schemes, used by employees of audit companies

For selfish purposes or to provide advantages to their clients, auditors may commit unfair actions during the audit. Non-compliance with the principles of professional ethics of auditors may be the result of fraudulent actions on the part of employees of audit organizations. The article examines four main schemes of fraud by auditors: non-compliance with the principle of independence, collusion with the management of the audited entity for bribes, the use of confidential information for personal purposes, as well as unjustified delay in the audit process to increase the fee. In addition, the legal, financial and reputational consequences of fraud by auditors for themselves and their clients are considered. Preventive measures are proposed by strengthening internal controls and penalties, and the importance of the independence and ethics of auditors to maintain confidence in the profession is emphasized.