Texas and Oklahoma wildfires and financial statement fraud

Posted on March 17th, 2006

The Oklahoma CPA Society recently asked me to pen a piece about the potential for financial statement fraud related to the recent wildfires. They printed it in their newsletter, OSCPA Wire.

Any natural disaster creates opportunities for fraud and that’s exactly what recent wildfires have done. Dishonest executives have a chance to manipulate their financial statements following fire losses and no one may detect it.

You can read the full article here.

Related posts:

  1. FInancial Statement Fraud: How It Is Done
  2. Financial Statement Fraud in the Katrina Aftermath: A Whirlwind of Opportunities
  3. Financial Statement Fraud: The Damage Inflicted
  4. IRS Commissioner says CFO’s shouldn’t receive options
  5. Internal Controls: Good Controls are Useless if Management Can Override Them

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