Professional Documents
Culture Documents
Day 1
Day 1
Introduction
Let’s get started
• Background
• Expression of opinion
• Section 129(1)
• SA 700 Forming an Opinion and Reporting on Financial
Statements
• Obtain evidence
• Document any known evidence.
• Report evidence.
• Prepare fraud examination report
• Testify
• Makes the fraud examiner accountable for the
validity of all evidence.
6 1
4 3
1. Enron
2. WorldCom
3. Tyco
4. Satyam
FS Fraud and the Sarbanes-Oxley Act of
2002
• This legislation enhanced the reliability and
transparency of FS.