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View Full Version : Global fraud on the rise; Audits aren't helping - CNBC.com



FraudNews
05-20-2014, 05:17 AM
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Global fraud on the rise; Audits aren't helping (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGgExxcqxITeNEprKPU8oCYQuGqdw&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=TuV6U5jODdHvggeIhYDQBQ&url=http://www.cnbc.com/id/101681098)
CNBC.com
Investors, analysts and corporate directors rely on external audits to keep companies honest. But a new study says audits are woefully ineffective at uncovering fraud. In fact, the study says more than twice as many frauds are uncovered by accident.

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