Accountants’ fudging leads to five months

I can’t believe that fudging the accounts at a major law firm results in only five months in jail for an accountant.

New Testimony Shows Dewey’s Financial Strains,” The Wall Street Journal, June 11, 2015 B2. Accountant admits to fudging figures by $25million.  To serve five months in jail.  More to follow.  This was in 2009, years before Dewey’s collapse.

What happens when your gatekeepers are fudging the numbers?  Wasn’t this what happened at Enron? What was the culture that allowed this to continue?

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Filed under Board, Business Case, Collect, Compliance, Compliance, Compliance Verification, Controls, Culture, Culture, Duty of Care, Governance, Internal controls, Management, Oversight, Oversight, Protect, Protect assets, Risk, Use

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