Tag: Professor Rashied Small
Red flags of financial statement fraud
Even in the best of times, companies may engage in financial statement fraud for various reasons. Management might want to avoid the wrath of their head office for poor performance, attract undeserved but much needed investment, reduce tax contributions, or even skim off money for themselves.
State Capture Report – implications for the accountancy profession
The first part of the State Capture Commission’s report, released earlier this month, documents an account of events where many sectors and individuals colluded to create an environment in which billions could be pilfered. This was achieved by deliberately sidestepping constitutional and regulatory checks and balances.
