THE ASB ISSUED AN EXPOSURE DRAFT designed to expand audit procedures to address material financial statement fraud. Comments on the proposed changes are due by May 31, 2002. THE ED EMPHASIZES ...

A forensic audit is an examination of a firm's or individual's finances to derive evidence that can be used in a court of law or legal proceeding.

Reviewing the accountant’s responsibilities for fraud when performing an assurance engagement. Fraud is a serious concern that can have devastating consequences. With that in mind, there may be no ...

The American Institute of Certified Public Accountants (AICPA) board has released an exposure draft of a new Statement on Auditing Standard (SAS) that addresses auditors’ responsibilities regarding ...

The Failure to Prevent Fraud (FTPF) offence will officially come into force as part of the Economic Crime and Corporate Transparency Act in September 2025. In a previous article, we explored the ...

Does your organization focus on proactive fraud prevention? The answer may surprise you, for as an auditor, I find that most organizations fail to get serious about prevention until fraud happens to ...

As the perpetrators of accounting fraud become ever more sophisticated in their techniques, fraud detection needs to step up its game. Thankfully, a group of researchers have devised a new machine ...

U.S. public companies lost a median of 1.06% of their annual revenue to known frauds last year, amounting to billions of dollars, according to a new report. Processing Content The report, released ...

Online fraud is spiraling, costing businesses tens of millions each year, and financial institutions are waking up to the reality that fraud is no longer just a compliance issue or a customer service ...

In an increasingly digital financial landscape, fraud is evolving in both scale and complexity. Financial institutions from global banks to nimble fin-techs face constant threats ranging from payment ...