FRAUD DETECTION IN INTERNAL AUDIT: CASE STUDY

Purpose- This research is carried out to reveal the effect of internal control system in preventing fraud that may occur in the enterprises. In this context, the study conducts to determine the relationship between internal control and fraud prevention. Methodology- In order to achieve this aim, a real case is investigated by examining the elements of fraud and errors based on the environment where fraud is detected. Findings- Initially, the fraudulent situation is observed. Later, the relationship in between the fraud and fraudulent situation is detected over an internal audit process. Conclusion- All phases of a classical triangle of fraud is clearly observed in this case