Above the Law An Executives Double Standard

Case Study:  The executive vice president of Brazos Manufacturing couldn't wait to charge out another bottle of wine or treat his family to another fancy dinner on the company's tab . . . and the ethics officer didn't seem to mind. What's the best course of action for the controller who uncovers
Published on May 05, 2011

Internal Controls and Fraud Proofing

Guide:  Developing an understanding of the various factors that contribute to the risk of fraud is only the first step in a fraud prevention strategy. Following this, it is necessary to implement policies that will help to reduce the threat.
Published on January 09, 2013

FRCP 702 and the Testifying Expert

Executive Summary:  Two U.S. Supreme Court cases and a change in Rule 702 of the Federal Rules of Evidence have permanently changed the landscape in federal court cases of all testifying experts - both the reliable, relevant testimony and the speculative testimony of the ""hired gun."" Fraud examiners need to know the
Published on April 20, 2011

Financial Gatekeepers

Article:  Barry C. Melancon, President of AICPA, stated in a recent interview that fraud detection and protection of the public interest are important components of the mission of CPAs as they help businesses succeed.
Published on April 20, 2011

Accounting Ethical Problems at Sigma Industries

Case Study:  The AICPA held a conference on January 31, 2006, entitled Fraud . . . Can Audit Committees Really Make A Difference?. The one-day event focused on: (1) the audit committee's responsibilities under SOX; (2) internal controls and how they alone cannot prevent management fraud; (3) how to deter management override
Published on May 05, 2010