Let’s talk about fraud, friends. We’re all sure that you’re number crunching sleuths and that no accounting hocus-pocus would ever get past you but apparently executives are still expecting more of it. This probably means one of two things: A) You’re not as smart as you think you are, or 2) You’re in on it.
Now, we should clarify that in Web CPA’s piece, these executives polled expect a rise in one of three areas: “financial reporting, asset misappropriation, or as another illegal or unethical act”. If you’re involved in the first kind, that’s boring. If you’re involved in the second kind, we suggest you retain counsel.
More, after the jump.
We’d like to focus on the “illegal and unethical act” part. Now, assuming you’ve passed the CPA, and also passed the grueling ethics exam that most states require, this shouldn’t be an issue for you.
For the rest of you, we’re assuming that your typical day is rife with unethical behavior. Some of you are probably unable to consume lunch and turn the entire work environment into a biohazard. So what we’re getting at here is that your clients and/or bosses don’t trust seem to trust you. We’re sure they’re right. We want to know why.
What kind of chicanery is going on that the bigwigs wouldn’t want to know about? Do you jimmy the vending machine on a regular basis for your lunch? Are you raiding the supply closet to build replicas of the [insert city here] skyline with staples? Let’s keep it to minor offenses though. Nothing that qualifies as misdemeanors and above will be allowed.