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The Golden Age of Fraud | An Interview With Francine McKenna

Oh My Fraud

00:00

Is There a Materiality Threshold for Fraud?

There is no materiality threshold when it comes to fraud. If you find a ar fraud, it's it's fraud, not not, not necessarily. When it comes to making a decision about whether an auditor should hi lite that, raise that up, adjust their procedures, look at whether they can trust management, it's all the same. It doesn't go in the record, doesn't going in the data base, doesn't go, you know, i don't have go, like, tell anybody, whether he tell rany is what he's the phone call, we talked some things. So when we're talking about auditors looking the other way when something is qualitatively

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