Dishonesty appears to be a growing trend in business, with high profile cases rarely out of the headlines. Joseph T Wells looks at the myriad of methods used to defraud companies that accountants should be on the lookout for
In recent years, people the world over have watched as companies such as Enron, Parmalat, and Hollinger International have fallen prey to the financial misdeeds of crooked executives.
The stories of these organisations and their tumbles from greatness are symptomatic of what some believe to be a continuing trend of dishonesty in business. Accountants are often faced with the choice of being part of this global problem or part of the solution.
Like many of you, I began a career in public accounting. I spent the next ten years in the trenches as a U.S. FBI agent specialising in fraud investigations. Then I founded the Association of Certified Fraud Examiners, headquartered in Austin, Texas and I have been chairman for 20 years.
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