Audit committees: not just for CPAs - Speak Out! - Letter to the Editor

California CPA, Oct, 2002 by Gerry Myers

I appreciate the comments made by Ronald Marley, CPA, from Studio City [in the August issue of California CPA]. He made some excellent points of CPAs being on the audit committee, board and CFO. However, I would feel just as comfortable in having these positions sprinkled with "fraud detectors" as professionally qualified with certified internal auditors, certified fraud examiners and so forth. Incidentally, the largest percentage of fraud is disclosed by employees working inside the company. I am not certain that the CPA, CIA, CFE, etc. on the board, audit committee or as CFO will necessarily find more fraud solely because of certification.

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