News & Analysis as of September 21, 2024

Fraud › Audit Committee

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Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain.

Key Considerations for Internal Investigations in India Following Recent Regulatory Circular to Indian Auditors

Jones Day on 9/28/2023

In Short - The Situation: On June 26, 2023, the National Financial Reporting Authority of India ("NFRA") issued a circular reminding statutory auditors in India of their obligation under Indian law to report to the Indian...more

PCAOB Releases New Audit Committee Resource for 2023

WilmerHale on 7/13/2023

The PCAOB recently released a new Audit Committee Resource, which sets forth an updated set of questions that audit committee members may want to consider incorporating into their ongoing engagement with auditors....more

SEC Acting Chief Accountant Comments on “The Auditor’s Responsibility for Fraud Detection”

WilmerHale on 10/25/2022

Continuing his recent efforts at clarifying the views of the Office of the Chief Accountant (“OCA”) on various topics, in an October 11, 2022 statement Acting Chief Accountant Paul Munter emphasized the SEC’s focus on auditor...more

PCAOB Releases New Audit Committee Resource

WilmerHale on 8/19/2022

The PCAOB recently released a new Audit Committee Resource, which sets forth questions that audit committee members may want to consider incorporating into their ongoing engagement with auditors. The categories of questions...more

Do you have a FRAUD CHECKUP LIST?

Foodman CPAs & Advisors on 11/1/2016

Managing fraud risk proactively is imperative in today’s transparent world. It is not only about protecting against financial losses commonly associated with fraud. It is also about surviving reputational risk. An example of...more

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