Fraud detectives come in many forms.
A former HealthSouth bookkeeper was the first to suggest that the company’s accounting was questionable. The Wall Street Journal, a hedge fund manager, a writer at Fortune and an employee raised alarms over Enron’s finances. And problems with Tyco’s accounting came to light after a research firm got wind that regulators were investigating the company.
Three academic researchers recently analyzed 230 cases of alleged corporate fraud at large companies. Their conclusion is that revelations of corporate fraud are dependent on a wide range of sometimes unlikely players, and that the way these people interact can play a major role.
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