Thoughts on Auditing
Update to Peregrine Fraud – Add the Numbers
I just realized that if you add and subtract the right numbers on the...
Peregrine – Auditors Fail to Find $200 Million Fraud
The Peregrine Financial Group Inc. fraud is still emerging, but once...
Update
I have a consulting assignment that keeps me very busy. I will be posting...
MF Global Managers Didn’t Listen
In many of the past frauds I've studied, it seems managers fail to learn...
Do Auditors Present Useful Information?
On March 30, 2012, Groupon, Inc. filed the following statement with the...
Lack of Professional Skepticism Destroys Careers and Harms the Public
The auditing profession continues to struggle as its managers and...
COSO Issues Exposure Draft on Internal Control
The Committee of Sponsoring Organizations of the Treadway Commission...
MF Global – Management Overrides the Control System
Here is how MF Global describes itself on its web site:“Indispensable,...
Trying to Limit Audit Effort in Finding Medicaid Fraud
If you read the United States Code of Federal Regulations, you realize...