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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (4733)	7/8/2002 5:14:17 PM
From: GraceZ	Read Replies (1) \| Respond to of 24758

One thing that my accountant did point out to me on one occasion was that while she was not obliged to report fraud, any conversation I had with her was not in any way privileged and if I did engage in any kind of fraud and tell her about it, she could testify in court against me, she would be compelled to if called. I know you know this, others might not, there are three levels of accounting reports. Auditing is the highest level, the most thorough, but nothing guarantees against a deliberate and outright fraud. If the company has been very good at concealing the fraud as WCOM apparently has been, only a forensic accountant who was actively looking for fraud would catch it.