Fraud Auditing, Detection, and Prevention Blog

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.

Read More