Daily Archives: June 25, 2013, 3:59 pm

‘More Targeted Resources’ On the Way for SEC’s Financial Fraud Enforcement – Compliance Week

The topic of a renewed focus on financial fraud enforcement continues to be a point of emphasis by SEC officials. Most recently, SEC Chairman Mary Jo White said accounting fraud is important to the SEC and “you’re going to see more targeted resources in that area going forward.” via ‘More Targeted Resources’ On the Way for SEC’s Financial Fraud Enforcement…

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Escaping Detection: Why Auditors Do Not Find Fraud — — Fraud Files Forensic Accounting Blog

Even with all the publicity surrounding the issue of financial fraud in the last decade, most auditors, investors, and other professionals still do not “get it” when it comes to detecting fraud. Traditional financial statement audits were never designed to detect fraud…. The bottom line is that those who are confident that audits will find fraud are fooling themselves. Nothing…

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