auditmonk

May
18
Beneish M-Score: Identifying Financial Statement Manipulations

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
3 min read
May
12
A Brief History of Auditing

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
3 min read
Apr
30
Financial Shenanigans: Cash Flow & Key Metrics Shenanigans (Part 3)

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
2 min read
Apr
26
Financial Shenanigans: Earnings Manipulation (Part 2)

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
2 min read
Apr
23
Financial Shenanigans (Part 1)

Financial Shenanigans (Part 1)

Shenanigans: Secret or dishonest activity or maneuvering Recently, I was reading Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in
1 min read
Mar
11
Investment Portfolio Tracker

Investment Portfolio Tracker

We all invest in stocks and Mutual funds and tracking their performance sometimes becomes a problem. So I found this
3 min read
Mar
04
CISA Exam Resources

CISA Exam Resources

Last December I gave my CISA exam, and cleared it. As being from the financial audit background, I thought the
2 min read
Mar
03
Benford’s Law in Analyzing Accounting Data

Benford’s Law in Analyzing Accounting Data

Benford law named after physicist Frank Benford, also called first-digit law, is an observation about the frequency distribution of leading
3 min read
Feb
19
Financial Ratios in Fraud Analytics

Financial Ratios in Fraud Analytics

Ratio analysis is a means of measuring the relationship between two different financial statement amounts. This form of financial statement
1 min read