Protecting against claims of failure to detect theft
By: Khanna, Samiha [author]
Language: English Publisher: 2018 In: Journal of Accountancy Vol. 232 Issue July(2018), pages 16 - 17Summary: The article reports on the misperception that a certified public accountant's (CPA's) duties include finding evidence of theft or fraud in company records, regardless of the type of service the CPA firm is engaged to deliver in the U.S. It is said that this misperception is a major concern for CPAs who could face professional liability risks. CPA Sarah Beckett says that most accounting firm services don't have any responsibility related to fraud detection.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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The article reports on the misperception that a certified public accountant's (CPA's) duties include finding evidence of theft or fraud in company records, regardless of the type of service the CPA firm is engaged to deliver in the U.S. It is said that this misperception is a major concern for CPAs who could face professional liability risks. CPA Sarah Beckett says that most accounting firm services don't have any responsibility related to fraud detection.
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