Accounting companies should do a better job of detecting fraud. He says the accounting firm is doing a terrible job of detecting fraud


There are many good reasons to fire Ernest & Young as your auditor no a lot good in it, for one, և you as a result, he can sue them for one, և you are more concerned with the conflict of interest that may arise from it they are, Now there is a new reason. You would prefer that massive $ 2 billion fraud you committed not disclosed,

“Although the primary responsibility for fraud prevention and detection rests with management and supervisory boards, audits should play a greater role in detecting material fraud in the future,” said Carmin Di Sibio, CEO and CEO of EY Global. A letter sent to customers was seen by The Wall Street Journal.

“Although we managed to detect the fraud, we regret that it was not detected sooner,” he said.

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