{"id":1500,"date":"2008-05-17T06:17:03","date_gmt":"2008-05-17T12:17:03","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/?p=1500"},"modified":"2012-06-05T21:49:52","modified_gmt":"2012-06-06T02:49:52","slug":"maybe-auditors-arent-as-smart-as-they-want-you-to-think-they-are","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/maybe-auditors-arent-as-smart-as-they-want-you-to-think-they-are\/","title":{"rendered":"Maybe Auditors Aren&#8217;t as Smart as They Want You to Think They Are"},"content":{"rendered":"<p>Francine McKenna over at re: The Auditors has <a href=\"http:\/\/www.retheauditors.com\/2008\/05\/this-auditor-was-duped.html\">a nice piece about Dan Stulac<\/a>, a former Arthur Andersen partner who was in charge of the <a href=\"http:\/\/www.sec.gov\/news\/press\/2004-141.htm\">Peregrine Systems<\/a> audit. Dan used the &#8220;I was duped&#8221; defense in his criminal case (charges of conspiracy, securities fraud, and wire fraud).<\/p>\n<p><a href=\"http:\/\/www.cfo.com\/article.cfm\/10958286\/c_2984378\/?f=archives\">The charges against him were dismissed<\/a> by a judge. Will someone like this ever get a job again? After all, his defense attorney apparently spent quite a bit of time proving that he doesn&#8217;t know much.<!--more--><\/p>\n<p>Consider this <a href=\"http:\/\/www.cfo.com\/article.cfm\/10958286\/c_2984378\/?f=archives\">quote from Stulac&#8217;s attorney<\/a>:<\/p>\n<blockquote><p>&#8220;Several jurors had the impression that because my client was a CPA and because he worked for a large accounting firm at the time and he was well-educated, he should have known or must have known of the fraud given his role as an outside auditor,&#8221; Attanasio says. &#8220;It was tremendously difficult to dispel that notion in the jury selection and throughout the trial.&#8221;<\/p><\/blockquote>\n<p>So auditors aren&#8217;t as smart as they want us to think they are?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Francine McKenna over at re: The Auditors has a nice piece about Dan Stulac, a former Arthur Andersen partner who was in charge of the Peregrine Systems audit. Dan used the &#8220;I was duped&#8221; defense in his criminal case (charges [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[1380,1237,1235,1538],"class_list":["post-1500","post","type-post","status-publish","format-standard","hentry","category-auditing-regulations","tag-conspiracy","tag-francine-mckenna","tag-re-the-auditors","tag-securities-fraud"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-oc","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/1500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=1500"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/1500\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=1500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=1500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=1500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}