The Influence of Covid-19 Pandemy on Financial Fraud Risk Assessment

Abstract

In today's economic environment, the many harms caused by financial fraud have attracted increased attention from academia and regulatory bodies alike. In the last two decades, marked by great crises, pandemics, financial fraud has affected to the global economy, being a threat for stability of the capital markets. The purpose of this study is to highlight the main aspects of the specialized literature on the subject of fraud risk, for its analysis and assessment. This study aims to obtain a financial profile of entities at risk of being subject to financial reporting fraud or asset misappropriation. The sample is represented by the entities listed on the BSE regulated market in the period 2020-2022. According to the object of activity, the analyzed entities are grouped as follows: chemical-pharmaceutical, tourism and services. In the study it is proposed the option of analyzing and assessment of fraud risk using quantitative and qualitative methods.

Keywords

• financial audit
• risk of fraud
• determined factors
• the covid-19 pandemic
• bvb