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Litigation

: The FRAUDfiles Blog

Brilliant revelation by PCAOB: CFOs are in charge of the numbers

By Tracy Coenen

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It?s no secret that I feel that audits are almost completely ineffective when it comes to verifying the validity of financial statements. Sure, an audit checks the math and some of the obvious applications of the accounting rules. But audits don?t guard against fraud and usually don?t find fraud. Those who want audits to do that [...]

Full post as published by The FRAUDfiles Blog on January 26, 2009 (boomark / email).

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