PCAOB fielding a rising number of accounting- fraud tips.
Audit firms that engage in shady accounting practices or financial fraud face a growing risk of being turned in – by their own staff accountants and by the internal auditors of their public company clients, Ken Rankin reports in Accounting Today.
Last year the board fielded 179 tips and complaints alleging wrongdoing by audit firms, their employees and others – a record number, according to PCAOB Enforcement and Investigations Division director Claudius Modesti.
