Fraud Auditing, Detection, and Prevention Blog

The State of the Auditing Profession in 2023 - Part 1

Mar 20, 2023 5:08:11 PM / by Leonard W. Vona posted in forensic accounting, Fraud Auditing, ...

As business systems have grown more complex and moved into a digital world, they’ve created more opportunities not only for fraud but also for uncovering fraud. It is my contention that auditing should be the number one reason for exposing fraud. And that requires a shift in mindset as well as the right techniques.

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Professional Skepticism & Duty of Care: The Fraud Detection Dilemma

Oct 14, 2020 10:10:19 AM / by Leonard W. Vona posted in Fraud Data Analytics, forensic accounting, ...

Since I started my career in the professional practice of audit, there has been a debate about the auditor’s responsibility for detecting fraud. For some reason, the audit profession has shied away from this responsibility. And yet, whenever an incident of fraud is detected, everyone says “where were the auditors?” Henceforth the fraud detection dilemma, auditor’s responsibility, and public expectation.

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