Auditing

man with magnifying glass

Some auditing firms are in denial about the corrosive effect of commercial pressures on their work

enron

For any other profession, customer relationship management is a great marketing tactic. For auditors, it makes them identify too readily with a client’s overly aggressive accounting approach

The MD&A section of financial reports can contain linguistic clues to fraud. How do they get in there?

How far would fraud-friendly firms go to evade the prying eyes of regulators? As far as the moving vans will take them

For their mental health and effectiveness, auditors have to find the calm spot between contained confidence and contained fear

It’s not only “bad” or greedy people acting alone who are guilty of wrongdoing, and internal controls go only so far

Corporate fraud is usually blamed on deeply flawed people acting alone. Yet fraud is a far more social affair than managers or auditors may realize

By insisting on punishing auditors who make mistakes rather than encouraging an open learning culture, regulators may be driving the problem underground

Regulators and auditors need all the help they can get to spot underhanded accounting. Here’s a text-based tool that can X-ray annual and quarterly reports

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