From Innocent Roots, Fraud Can Grow Quickly

Leib, Barclay T.
December 2002
Financial Executive;Dec2002, Vol. 18 Issue 9, p36
Academic Journal
The article states that organizations which are most susceptible to accounting fraud are those with aggressive management and mentions the work of forensic accountants. According to Simon Platt who is Deloitte and Touche LLP's national director of Forensic and Investigative Services, hundreds of anonymous tips concerning corporate accounting irregularities are being reported each month at the U.S. Securities and Exchange Commission's Web site. Forensic accountants investigate unexpected losses and accounting irregularities by interviewing employees and examining balance sheets and sub-ledgers. Michael Young who is a litigation partner for Wilkie, Farr & Gallagher comments on the "gray zone" in accounting that can lead to fraud.


Related Articles

  • Blowing the whistle finally pays.  // Disclosures;Nov/Dec2012, Vol. 25 Issue 6, p5 

    The article reports on the U.S. Securities and Exchange Commission's (SEC) $50,000 reward under its new whistleblower program.

  • SEC Proposes Expanded Whistleblower Program.  // BioWorld Today;11/8/2010, Vol. 21 Issue 216, p4 

    The article reports on new rules proposed by the U.S. Securities and Exchange Commission (SEC) which outline procedures for would-be whistle blowers to provide critical information to the SEC.

  • SEC WHISTLEBLOWER PROGRAM TAKES EFFECT.  // Pratt's Bank Law & Regulatory Report;2011, Vol. 17 Issue 9, p15 

    The article reports on the launch by the U.S. Securities and Exchange Commission (SEC) of a whistleblower Webpage on August 12, 2011. It cites the provision of the Dodd-Frank Act which required the SEC to pay awards to whistleblowers. It notes that the Webpage includes information on eligibility...

  • SEC Pays First Bounty to Whistleblower.  // NACD Directorship;Sep/Oct2012, Vol. 38 Issue 5, p16 

    The article reports that the U.S. Securities and Exchange Commission had paid its first reward to the whistleblower who helped it to stop a multimillion dollar fraud and mentions the Dodd-Frank rule.

  • SEC: Whistleblower Program Already Greatly Successful. Jaeger, Jaclyn // Compliance Week;Apr2012, Vol. 9 Issue 99, p12 

    The article discusses the success of the whistleblowing program of the U.S. Securities and Exchange Commission (SEC) in fiscal 2011.

  • Contemporary Research in Valuation and Forensic Accounting. Lohrey, Peter L. // Value Examiner;Nov/Dec2014, p30 

    The article discusses several studies on valuation and forensic accounting. These include studies on the effect of judges' gender on their decisions in estate tax cases, validating early fraud prediction using narrative disclosures in annual reports of firms that received U.S. Securities and...

  • The M&A detectives. Sikora, Martin // Mergers & Acquisitions: The Dealermaker's Journal;Jan2000, Vol. 35 Issue 1, p6 

    Focuses on United States acquirers' increasing use of forensic accounting to scope out details of a target company's financial operations and people. Aim of forensic inquiries; Increasing number of merger and acquisition assignments; Role of forensic professionals in eliminating suspicions...

  • The Effect of Evidence Strength and Internal Rewards on Intentions to Report Fraud in the Dodd-Frank Regulatory Environment. Brink, Alisa G.; Jordan Lowe, D.; Victoravich, Lisa M. // Auditing: A Journal of Practice & Theory;Aug2013, Vol. 32 Issue 3, p87 

    There are many unanswered questions and concerns regarding the consequences of the fraud whistleblowing environment created by the Sarbanes-Oxley (SOX) and Dodd-Frank Acts. While SOX requires audit committees to implement anonymous internal reporting channels, the Dodd-Frank Act offers...

  • assurance news.  // Accounting Today;1/11/2010, Vol. 24 Issue 1, p11 

    The article reports on the fraud case filed by the U.S. Securities and Exchange Commission against Canopy Financial Inc., the claim of Overstock.com chief executive officer Patrick Byrne on the inconsistent statements of its auditor Grant Thornton including the charges against computer...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics