Sentence examples for financial statement fraud from inspiring English sources

We find that companies audited by large audit firms are less likely to commit financial statement fraud.

In particular, we examine whether large audit firms reduce the incidence of financial statement fraud in China, an emerging market in which auditors face strong government sanctions but low litigation risk associated with audit failures.

Our results indicate that whistleblowing policies and mechanisms incorporating higher levels of procedural justice, distributive justice, and interactional justice were perceived to increase the likelihood that an organizational accountant would internally report financial statement fraud.

An Andersen spokesman dismissed the document that discussed the risk of "financial statement fraud," saying it stemmed from an experimental computer model Andersen was using that often registered false results.

A document released by lawmakers also shows that on the same day the law firm was hired, Oct. 9, some Andersen officials were worried that there was a "heightened risk of financial statement fraud" with Enron's books.

–Financial statement fraud sometimes implicated the external auditor.

The SEC is charging him and other Sunbeam executives, as well as the partner at Arthur Andersen who approved the company's financial statements, with fraud.Meanwhile, in an investigation attracting lots of publicity, prosecutors in New York and from the SEC are looking at the behaviour of big investment banks that underwrote IPOs during the bull market.

"The last few years have seen repeated reports of false financial statements and accounting fraud, demonstrating that many charges of corporate fraud were neither speculative nor attempts to extort settlement money, but were based on actual misconduct," the court said.

You'll gain an understanding of SAS 99 as it pertains to the consideration of fraud in a financial statement audit, the nature of internal controls and the role of initiatives to curb fraud both from the PCAOB and from provisions of the Sarbanes-Oxley Act.

"In 13 of the 23 audits," the board reported, auditors "did not perform sufficient procedures to identify, assess and respond to the risks of material misstatement of the financial statements due to fraud".

Yet, this is the time to make the push to scrutinize financial statements for potential fraud and not just sit back and wait until a corporate accounting scandal comes to light.