The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject. In this episode, we consider the recent statement by Paul Munter, the SEC’s acting chief accountant, who urged auditors to assess fraud risk among their clients better. Highlights include:

• Why did the SEC raise these points in the first place? What are they trying to tell auditors that they’re doing wrong?
• Are auditors equipped to be more aggressive in fraud risk assessment and investigation?
• What should compliance officers think about vis-a-vis the SEC’s statement?
• What is the role of compliance in anti-fraud?
• How will this impact compliance audits by external auditors and fraud examiners?

 Resources

Matt in Radical Compliance