Fraud in Financial Statements Feed

Creating a "Speak Up Culture" in the Workplace

Reporting Wrongdoing Enhances Workplace Ethics I have previously blogged about the speak up culture, a phenomenon that broadly encourages employees to bring matters of concern to top management so that corrective action can be taken when warranted. What is a Speak Up Culture? Tanya Finnie addresses the issue in a... Read more →


SEC Investigation of Auditors Driven by Conflicts of Interest and a Lack of Independence

Is the SEC the Cause of the Problem? I have blogged before about the problems the Big Four accounting firms are having with respect to conflicts of interests and independence impairments. These concerns have moved the SEC to launch a probe into how firms manage conflicts of interest caused by... Read more →


Do Auditors Adequately Assess Audit Quality?

Measurement of Audit Quality is the Key This blog is a continuation of one I posted earlier today and follows up on a blog posted a couple of weeks ago. The question of whether audits provide useful information and protect investors has been discussed for many years. It is an... Read more →


Theranos CEO, Elizabeth Holmes, Found Guilty on Four Counts

Accounting for “Bad Blood” I have previously blogged about Theranos, explaining the course of events that led to its demise. Last week, founder and former CEO Elizabeth Holmes, was found guilty on one count of conspiracy to defraud investors as well as three wire fraud counts tied to specific investors.... Read more →