Episode four of the Skepticism Webinar Series dives into how the board and the audit committee play a key role in preventing financial reporting fraud using a healthy amount of skepticism. An effective board and audit committee can bring the best out in external auditors, internal auditors, and financial executives as all parties grapple with important issues of accounting judgment. Using common sense and insisting on logical responses to relevant questions is the key to ensuring valid information is being documented.
This webinar is a must for directors and the professionals who work with them to counteract the fraud “triangle” of motive, opportunity and rationalization.