Relative Size Factor: Finding Outliers
In my previous article Auditing: Accounts Payable / Vendor Payments I spoke about Relative Size Factor (RSF) and how it can
Auditing vs Fraud Examination vs Forensic Accounting
In general terms, fraud is an intentional deception, whether by omission or commission, to realize a gain. Under common law,
Spreadsheets: Best Practices (Part 3)
Spreadsheets are known to be error-prone. As per one study by Raymond Panko, 86% of spreadsheets contains errors. Errors in
Spreadsheets: Auditing & Validating (Part 2)
In the previous post, Spreadsheets: Risk, I mentioned a few of the risks associated with spreadsheets. In this post, I’
Spreadsheets: Risks (Part 1)
Spreadsheets have stood the test of time because they continue to meet the analytical needs of organizations, especially for analyzing
Auditing: Accounts Payable / Vendor Payments
Accounts Payable is one of the crucial area in audit. As it represents the monies owed by the organization to
Beneish M-Score: Identifying Financial Statement Manipulations
According to the ACFE’s “Report to the Nation 2016” financial statement fraud occurred in less than 10% of the
A Brief History of Auditing
The term “Audit” is derived from the Latin term “Audire” which means “to hear”, because in ancient times auditors listened
Financial Shenanigans: Cash Flow & Key Metrics Shenanigans (Part 3)
In the previous post I mentioned the brief summary of Earnings Manipulation shenanigans.
Below is the summary of some methods
Financial Shenanigans: Earnings Manipulation (Part 2)
In my previous post I mentioned the brief summary of accounting shenanigans identified by Howard Schilit in his book Financial
