The Audit Myth

The audit myth is this, if my, if i get a clean opinion from the c p a firm, then that must mean that no fraud has occurred. I would say, forget the audit to the bank banks. You're wasting your money. Instead, come up with these 15 to 20 agreed upon procedures. Do them about four to five times out of the year and you'll have a much higher assurance in terms of your fraud risk.