@article{2018,title={FRAUD IN AUDITING AND FRAUD RISK ASSESSMENT PROCESS FOR AN INDEPENDENT AUDITOR},abstractNode={Fraud has long been one of the most commonly-encountered issues in terms of commercial activities and businesses around the globe. Particularly, the corporate scandals and bankruptcies in recent years have, yet again, raised controversy over, and brought up the question of, auditing practices. Due to the material increase of the resulting losses and auditors' insufficiency in being effective during the process the "quality" of auditing practices have started to be examined. In the aftermath of fraud, a number of regulations have been implemented, while accounting / auditing institutions, as well as law-makers, capital markets and enforcement bodies have taken steps to reinforce the independent auditing function in many countries. With the regulations and standards, auditors are expected to focus more on the benefit of the society. To this end, auditors are required to be more effective in the auditing process and methods with better consideration of fraud risk. This study examines fraud risk and the need for reliable information. Additionally, it explains the fraud risk assessment processes for an auditor within the scope of auditing standards, and the importance of auditor's effectiveness in the process},author={Duygu CELAYİR},year={2018},journal={The Journal of Social Sciences}}