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#2160103 - 01/11/18 10:34 AM FDIC sues auditor over failure to detect fraud
Ken_Pegasus Offline

10K Club

Registered: 08/30/01
Posts: 21817
Loc: Another trip around the sun
Article

I'm not saying it's a good article, just that it's an article...
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My employer agrees with everything I say, but I'm not sure how that helps you.

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Audit
#2160226 - 01/11/18 03:50 PM Re: FDIC sues auditor over failure to detect fraud [Re: Ken_Pegasus]
Burgess Offline
Diamond Poster

Registered: 01/27/04
Posts: 1558
Result: our audit fees will go up!
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My views, not my employer's views.

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#2160233 - 01/11/18 03:59 PM Re: FDIC sues auditor over failure to detect fraud [Re: Ken_Pegasus]
Adam Witmer Offline
Platinum Poster

Registered: 09/21/10
Posts: 923
My thought exactly.
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Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

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#2160446 - 01/13/18 10:16 AM Re: FDIC sues auditor over failure to detect fraud [Re: Ken_Pegasus]
Soonergal Offline
New Poster

Registered: 08/14/14
Posts: 12
If anyone reads the engagement letter from the audit firms for an external audit, it mentions the audits are not designed to detect fraud.

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