Who’s Allegedly ‘Cooking the Books’ and Where?
Financial statement fraud remains a serious concern
Financial statement fraud risks may be changing. To examine this issue, the Deloitte Forensic Center analyzed hundreds of Securities and Exchange Commission Accounting and Auditing Enforcement Releases issued from 2000 to 2008.
To read the some of the highlights from the study, access the Business Crimes Bulletin article "Who’s Allegedly ‘Cooking the Books’ and Where?” by authors Toby Bishop, director of the Deloitte Forensic Center, and Frank Hydoski, director in the Analytics practice, both at Deloitte Financial Advisory Services LLP.
The article addresses:
- What types of fraud the SEC is alleging in its enforcement releases from 2000 to 2008?
- How fraud schemes have changed?
- Industry patterns have shifted?