Joanne Seeds - Making Sense of Numbers! Deep, deep below the surface lies a dark secret. No one can define it or say what it is made up of. It is growing, becoming more and more ominous. It is the Accountant’s nightmare. That one account, one reconciliation, one process that no one has been able [...]
The current global marketplace is characterized by fierce competition and management teams within organizations must constantly strive to improve efficiency and effectiveness. Security risks exert a great deal of pressure on executives to mitigate losses and keep company assets safe and secure. Security threats can affect every level of a firm and typically embody two [...]
I have been observing that companies providing auditing, compliance, and assurance are investing in multidisciplinary teams to perform forensic accounting services. The market for accounting professionals in the forensics stream seems to be growing. After the Enron & WorldCom era, measures were taken to comply with new requirements but, most recently, the sub-prime mortgage crisis gave to shareholders and public in general the idea that boards, audit committees, and public accounting firms, failed to prevent fraudulent operations. Why were they unsuccessful? What could be done by corporations besides implementation of proper regulation? It is certain that one of the solutions lies on how corporations will expand their policies of fraud prevention.