X hits on this document

Powerpoint document

Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 31 / 352

1493 views

0 shares

1 downloads

0 comments

31 / 352

31

© D.L. Crumbley

Sarbanes-Oxley Act Creates Need For Forensic Accounting

1.

To assist corporations in their quest to ensure compliance with the mandates of S-O, especially the audit committee.

2.

Public accounting firms must introduce forensic techniques into audits, and they may request help from forensic experts.

3.

Internal auditors should introduce forensic accounting techniques into their audit programs.

-----------------------------------------------------------------

SEC Chairman William Donaldson responds to a question why there is “such appalling fraud” in business in the following manner. There are 15,000 companies out there,” and “the majority of those companies are run by honest, dedicated people.” But he admitted that “there has been in my view, a gradual erosion of corporate ethics over the bull market of the last decade, and particularly the last five years.”

Bobby Eberle, “Justice Department Celebrates One Year of Corporate Fraud Task Force,” Talon News, July 23, 2003, www.gopusa.com/news/2003/july/0723corporatefraud.shtml.

Document info
Document views1493
Page views1514
Page last viewedSat Dec 03 22:09:02 UTC 2016
Pages352
Paragraphs4554
Words31092

Comments