Why Auditors Don't Find Fraud

Nicholas M Hodson

Chapter 8 in Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation, 2007, pp 179-212 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:AUTHOR'S EXPERIENCETHE ESSENTIALSDECEPTIONTHE DECEIVERSThoughts on CollusionDetailed Knowledge of Audit ProcessTHE DECEIVEDAUDITOR–CLIENT RELATIONSHIPSSENTENCINGA REAL EXAMPLEA HYPOTHETICAL ILLUSTRATIONTHE EVIDENCE OF FRAUDCHANGING AUDITING STANDARDSCONSIDERATION OF CHANGES THAT MIGHT HELPAcknowledging a ProblemSpreading the LoadControls Aligned with the RiskWeakening the DefencesPlausible DeniabilityCONCLUSION

Keywords: Private Equity; Conflicts of Interest; Financial Regulation; Enforcement; Investment Banks; Fiduciary Duties (search for similar items in EconPapers)
Date: 2007
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