An open letter to the AICPA regarding fraud

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This is a rehash/mash up of 2 previous posts, so if you’ve seen it before, I apologize. One of my traits is that I need to DO something. If people don’t DO SOMETHING, nothing changes. So I’ve emailed this to the members of the Board of the AICPA. from:  benson dana <benson.dana@gmail.com> to:  richard.caturano@mcgladrey.com, bbalhoff@pncpa.com, [...]

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Towards a New and more Effective Consideration of Fraud in a Financial Statement Examination

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So what do I suggest if I think the triad of fraud “guidance” is a crock? Good question. In an accounting/auditing engagement, what would I recommend as guidance in considering the risk of fraud?   First, I would create at least 2 major and wholly independent categories of fraud.   Material, willful, financial statement fraud [...]

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Tool Time Nightmare Stories

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Over the years, I’ve spent a great deal of time doing basic maintenance on my vehicles. Enough so that there should be a huge pile of money somewhere representing the repair costs I’ve avoided. I keep looking for it but can never find it. Recently, Volvo brake light goes out. Take a look and see [...]

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What’s the difference between the United States and Nigeria?

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Trick question. In some respects, there is very little difference. Let’s enjoy this news tidbit from today’s reports:   From FoxNews, March 14, 2013 – “TALLAHASSEE, Fla. –  Florida’s lieutenant governor resigned and nearly 60 other people were charged in a scandal involving a purported veterans charity that authorities said Wednesday was a front for [...]

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