Akademik Veri Yönetim Sistemi
Emerging Markets Journal (EMAJ), cilt.10, ss.60-66, 2020 (Hakemli Üniversite Dergisi)
Today, we observe the importance of accuracy of financial statements in every corporation. Accounting scandals have
caused important losses both in the macro and micro levels. This issue proves the significance of financial statement
accuracy. This accuracy is provided by the trust environment. Therefore, it is necessary to provide the required environment
of confidence for financial markets to improve and function effectively against increasing accounting frauds gradually. That
can only be possible by using different auditing techniques, running inventory counting such as cash and stock, establishing
strong internal controls, managing efficiently and benefiting from technology integrated auditing. The aim of this study is to
investigate the most effective auditing techniques to avoid cost accounting frauds. In this research, the most effective
auditing techniques for detecting and preventing fraud are investigated by using the case analysis method. Also, the well
known scandals related with Olympus, Worldcom, Tesco, Sunbeam and Parmalat companies are examined as a part of the
case analysis. Finally, recommendations and suggestions regarding fraud prevention methods are presented.