Published 10/5/20 – Agenda
Bob Cox was recently quoted by Agenda (A Publication of The Financial Times) regarding “Who Is Stopping Corporate Fraud?”
With each audit firm scandal, board members are confronted with the question of whether to undertake the arduous and costly process of changing auditors. The Wirecard scandal, in which EY failed for a time to uncover a roughly $2 billion fraud, has also revived another question: Who in the audit process — from outside auditors to internal audit or audit committee directors — ultimately bears the responsibility if a company suffers an accounting mishap?
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