Accounting
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Accounting
More Than A Machine: “Robocop” Stole The Headlines, But The Financial Reporting And Audit Task Force Is The Real Driver Behind The SEC’s Refocus On Accounting Irregularities
On July 2, 2013, the United States Securities and Exchange Commission (the SEC) announced two new initiatives aimed at preventing and detecting improper or fraudulent financial reporting.[1] We previously noted that one of these initiatives, a computer-based tool called the Accounting Quality...
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Increased Regulation Drives Demand For Forensic Accounting Services
Major financial reforms and volatility following notorious frauds and scandals have led to outsized growth in the demand for forensic accounting services. During the past decade or so, Congress reacted to the WorldCom Inc. and Enron bankruptcies resulting from fraudulent financial reporting by...
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