ARTICLES - The Fraud Beat - SO THAT'S WHY IT'S CALLED A PYRAMID SCHEME - Ironically, the accountant has come full circle over the course of 5,000 years. Beginning as a scribe-cum-financial-watchdog in ancient Egypt and evolving into the auditor of huge conglomerates' financial reports at the start of the 21st century, the CPA is again assuming a leading role in the war against fraud.
|Year of Publication:||
|Contributors:||Wells, Joseph T.|
|Type of Publication:||Article|
|Title record from database:|| OLC-SSG Economic Sciences|
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By: Wells, Joseph T. Published: (1993)
The Fraud Beat - THE PADDING THAT HURTS - Executives can cheat on their expense accounts, just as rank-and-file workers can. When the independent auditor discovers such abuse, he or she must take action. Therefore auditors must know what to do if management commits even "immaterial" fraud.
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