AUDITORS PLAY LARGER ROLE IN FIGHTING FRAUD
September 24th, 2024
Auditors can play a major role in fighting fraud, with the onset of sustainability reporting creating a new opportunity to sniff out swindles. Keith Nuthall reports.
While the initial goal of audits is not to detect fraud, rather to say whether financial statements (and latterly, sustainability reports) are accurate, these assessments do often uncover crime. When they do not and major fraud is subsequently uncovered, audit firms can receive heavy criticism, and even regulatory penalties. Aware of these challenges, the New York-based International ...
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