Publication

11 December 2017

Auditor’s role in fighting financial crime Standing up to fraud, corruption and money laundering

Financial crime is harmful and has far reaching negative consequences. An audit of financial statements (hereafter: Audit) may help counter such crimes of fraud, corruption and money laundering.

This information paper aims to clarify the role of statutory auditors in standing up to such crimes. Their role is defined by auditing standards and by specific legislation. These responsibilities also draw on ethics and professional scepticism, part of the principles that all statutory auditors need to adhere to.

Combatting fraud, corruption and money laundering must be a joint effort of all relevant parties, including business leaders, the accountancy profession, regulators, standard setters and the financial sector. We call for a coordinated approach and commitment of all the key players to achieve tangible results.

Related content

PublicationFAQs on the auditor’s role in tackling financial crime

19 February 2018

EventFraud Film Festival

5 October 2017

EventMaking whistleblowing work for everyone

6 June 2017

Consultation responseEuropean Commission on whistleblower protection

24 May 2017

EventA year after the Panama Papers: Where does the EU stand?

25 April 2017

EventSustainable corporate governance: future role for audit committees

5 February 2021

PublicationGoing concern: recommendations to strengthen the financial reporting ecosystem

3 February 2021

PublicationFraud: recommendations to strengthen the financial reporting ecosystem

3 February 2021

Consultation responseIAASB’s discussion paper on fraud and going concern

2 February 2021

Consultation responseEC’s Supra National Risk Assessment (SNRA) report

16 December 2020

EventThe path to high-quality non-financial information assurance

26 November 2020

NewsOur work towards the Future of Corporate Reporting

2 November 2020

Consultation responseProposed ISA 600 (Revised): Special Considerations – Audits of Group Financial Statement

13 October 2020

EventImplementing ESEF

12 October 2020

Podcast Accountants & the fight against financial crime (Part 2)

2 October 2020

Podcast The EU & the fight against financial crime (Part 1)

18 September 2020

Consultation responseIAASB’s consultation on proposed guidance: extended external reporting (EER) assurance

24 July 2020

Consultation responseEC’s consultation on AML action plan

16 July 2020

In the mediaQuandary over future European supervisor, stakeholders give their opinions

25 June 2020

PublicationHow do multidisciplinary teams contribute to audit quality?

24 June 2020

PublicationSetting up for high-quality non-financial information assurance in Europe

12 June 2020

EventThe EU’s fight against financial crime: Diving into the Anti-Money Laundering Action plan

10 June 2020

PublicationCoronacrisis: actions for the public sector

28 May 2020

PublicationCoronacrisis: short-term actions for the public sector

28 May 2020

NewsAccountancy Europe supports new EU action against money laundering

8 May 2020

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?