Unaccountable External Auditors
External auditing firms are supposed to provide detailed, accurate and unbiased information about the financial situations of their clients. However, the author contends that the failures of many external auditors helped contribute to the “Great Economic Meltdown” and says we need a radical overhaul of the U.S. system of external auditing.
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Official Reports
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ACFE Report: A Study of the Impact of an Economic Recession
Intense financial pressures during the economic crisis have led to an increase of fraud, according to a survey of fraud experts conducted by the ACFE. Results of the survey, published in the new ACFE report "Occupational Fraud: A Study of the Impact of an Economic Recession," also found that layoffs are pervasive and are leaving holes in organizations' internal control systems.
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Fraud in Europe
Results from the 1998 European Fraud Survey
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Revisions of U.S. Federal Sentencing Guidelines
Changes by the U.S. Sentencing Commission to the federal sentencing guidelines could lead to a new era of corporate compliance.
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Avoid the bait
Article on phishing schemes, including some recent ones reported by the Federal Deposit Insurance Corporation (FDIC) in 2012.
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China tackles emerging health care fraud
In part 2 of two parts, the author describes some of China's plans to tackle emerging health care frauds and joint U.S.-China efforts.
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'It worked great for me ...'
In this issue’s column, four former students in Joyce Zadzilka’s Principles of Fraud Examination course at Syracuse University discuss the problem of false testimonials and the impact they have on consumer fraud.
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Health care fraud: an unfortunate certainty
stats and information on health care fraud
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Identity theft complaints soared in 2011
Identity theft is alive and thriving. The U.S. Federal Trade Commission's Consumer Sentinel Network reports a significant increase in complaints.
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