PICPA Boards and Blogs

By Maria F. Boodoo, CPA When something in a company is amiss financially, CPAs may be part of the team responsible for tracking down the problem. If an illegal act or wrongdoing within a company is suspected, an internal investigation is usually the first step so management can get an idea of what they are dealing with. Whether you are a CPA on ...

By Vijay R. Chemuturi, CPA Statement of Auditing Standards No. 99 (SAS 99), Consideration of Fraud in a Financial Statement Audit, requires auditors to consider fraud risk factors at various stages of an audit of financial statements. It also requires the auditor to assess such identified risks and respond to them by performing procedures that ...

By Paul E. Zikmund, CFE, CFD, and Marge O'Reilly-Allen, CPA, PhD Recent professional guidance, such as SAS 99, Consideration of Fraud in a Financial Statement Audit, and Public Company Accounting Oversight Board (PCAOB) Auditing Standard 2, has brought more attention to the auditor’s responsibility to uncover the warning signs of fraud, but ...