TITLE

From Innocent Roots, Fraud Can Grow Quickly

AUTHOR(S)
Leib, Barclay T.
PUB. DATE
December 2002
SOURCE
Financial Executive;Dec2002, Vol. 18 Issue 9, p36
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
8710495

 

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