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THE ROLE OF AUDITORS IN FRAUD DETECTION AND PREVENTION

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Role that auditors in Doha Qatar play in business organizations and their profitability can never be ignored. Part of the responsibility of an auditor is to review financial records. In the process of reviewing financial records they might come across some misappropriate records. Misappropriate records can be because of either fraud or error. The main cause of inaccurate record can be determines by an auditor. This paper will be using a number of hypotheses, which include: The data that were used in this research was mainly collected through surveys. The main way through which the survey collected is through questionnaires.

However, the choice of respondents was very important because it determined that the quality of data collected. Asking someone with minimal or no knowledge of accounting and what entails the role of auditors in the prevention and detection of fraud will reduce the possibility of a survey getting quality and accurate data. The questions that were entailed in the questionnaires that were used in the collection of data for this research included both open and closed questions. A sample of the questionnaire used in this research was as shown below: The survey did not end with the questionnaires.

Existing records of fraud cases and the involvement of auditors in the detection and prevention of these cases in Doha Qatar were reviewed. In this case the research was seeking to get records that are actual facts instead of depending on professional opinions which can at time be inaccurate. The findings from the questionnaires revealed that 96% of the respondents were convinced that auditors had the responsibility of detecting and preventing fraud cases. 50% of the respondents were of the opinion that fraud cases that have been detected or prevented by auditors are moderately frequent.

However, only 12% were of the conviction that these incidents were highly frequent. The remaining 30 said that such cases were very rare. 68% of the respondents were of the conviction that fraud detection and preventions are not the main responsibilities of auditors. The rest believed that indeed this was the main responsibilities of auditors. There was a unanimous agreement that there would be a high rate of fraud cases were it not for the role played by auditors in the prevention and detection of fraud.

There was also a unanimous agreement that some auditors get involved in fabrication o financial records to enable fraud to take place. Records have it

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