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| Author: | Wells, J. T. |
| Title: | Sherlock Holmes, CPA, Part 1 |
| Journal: | Journal of Accountancy
2003 : AUG, VOL. 196:2, p. 86-90 |
| Index terms: | ACCOUNTING COMPANIES FINANCIAL ANALYSIS SKILLS |
| Language: | eng |
| Abstract: | The paper states that the first step in uncovering fraud in the auditor's bailiwick is analyzing financial information. If Sherlock Holmes-the world's most famous fictional detective-were solving today's biggest corporate crimes, he probably would be a CPA, too. That's because it takes both accounting knowledge and the unique skills of a detective to resolve allegations of fraud. This article addresses how investigating fraud differs from the field of auditing. The paper also states that fraud examination process centers on the fraud theory approach, which has four sequential steps: analyzing the available data, developing a fraud theory, revising it as necessary and confirming it. |
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