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Strategies & Market Trends : Waiting for the big Kahuna

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To: flickerful who wrote (34775)	12/2/1998 8:06:00 PM
From: William H Huebl	Read Replies (1) of 94695

Flick, Is there a difference between auditing a corporation for compliance with generally accepted accounting principles and for fraud? While one sometime leads to another, usueally there are different parties involved, I would imagine. We get involved in legislative audits which review all areas of activity... and I am sure if they found anything fishy, they would bring in either the attorney general or states attorney, if something really bad were discovered. I am quite sure most corporations fearing their reputations at stake, sincerely keep things on the up-and-up. I know we do. But there are alway exceptions and the auditors can usually find those if they are any good at all. BWDIK? Bill

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