External Auditors, Fraud Risks and Compliance

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, we consider the recent statement by Paul Munter, the SEC’s acting chief accountant, where he urged auditors to do better at assessing fraud risk among their clients. Highlights include:

·       Why did the SEC raise these points in the first place? What are they trying to tell auditors that they’re doing wrong?

·       Are auditors really equipped to be more aggressive in fraud risk assessment and investigation?

·       What should compliance officers be thinking about vis a vis the SEC’s statement? 

·       What is the role of compliance in in anti-fraud?

·       How will this impact compliance audits by external auditors and fraud examiners?

 Resources

Matt in Radical Compliance

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