| Author: | Wells, J. T. |
| Title: | The Padding that Hurts |
| Journal: | Journal of Accountancy
2003 : FEB, VOL. 195:2, p. 67-69 |
| Index terms: | EXECUTIVES TRUST AUDITORS CASE STUDIES |
| Language: | eng |
| Abstract: | The author of the article states that executives can cheat on their expense accounts, just as rank-and-file workers can. When the independent auditor discovers such abuse, he or she must take action. Therefore auditors must know what to do if management commits even "immaterial" fraud. The paper provides a case study and considers some valuable lessons in it. First, the author states that i is not always easy to do the right thing because decisions in the business world are not always black and white. Second there is a double standard in most organizations for employees and for executives. Then the author considers the question of what firms should know about expense account schemes, preventing expense account abuse, accepting photocopies and spotting trends. |
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