Escaping Detection: Why Auditors Do Not Find Fraud

This article was originally printed in Valuation Strategies, a magazine published by Thomson Reuters. Even with all the publicity surrounding the issue of financial fraud in the last decade, most auditors, investors, and other professionals still do not “get it” when it comes to detecting fraud. Traditional financial statement audits …

Koss Fraud: Losses Higher, Grant Thornton Fired, Baker Tilly Virchow Krause Hired

I’ve had plenty to say about the massive fraud Koss Corp has suffered at the hands of their Vice President of Finance, Sue Sachdeva. In this news story from Milwaukee’s ABC affiliate, WISN 12, I talk about how a company with annual revenue in the $40 million range can fall …