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#2160103 - 01/11/18 03:34 PM FDIC sues auditor over failure to detect fraud
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Article

I'm not saying it's a good article, just that it's an article...
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In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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Audit
#2160226 - 01/11/18 08:50 PM Re: FDIC sues auditor over failure to detect fraud Elwood P. Dowd
Burgess Offline
Diamond Poster
Joined: Jan 2004
Posts: 1,620
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 08:59 PM Re: FDIC sues auditor over failure to detect fraud Elwood P. Dowd
Adam Witmer Offline
Power Poster
Joined: Sep 2010
Posts: 2,643
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 03:16 PM Re: FDIC sues auditor over failure to detect fraud Elwood P. Dowd
Soonergal Offline
Junior Member
Joined: Aug 2014
Posts: 35
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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