Abstract: Fourteen years after Enron’ collapse, financial integrity continues to make top headline news in corporate America. While many fraud experts view Sarbanes-Oxley (Sox) act, passed by congress in 2002, as a strong message in the war against corporate fraud. Others are still skeptical about its full implementation. Part of Sox implementation policies involves education and new skills to help fight corporate fraud. The concept of knowledge, skills and abilities to fight corporate fraud is the pivotal link between management and the auditor's ability to deter and detect fraudulent financial reporting. Accountants and auditors are trained to protect the integrity of the financial statement. Many auditors from within auditing firms have argued that they feel they are being asked to be detectives for the business community. They feel what is being asked of them really should be the responsibilities of the Certified Fraud Examiner (CFE). The future of accounting profession does rest on staying relevant, up to date and market oriented. But most fundamentally, it depends on demonstrating professionalism, acting in the public interest, not losing sight of our core purpose as custodians of transparency and integrity in financial reporting (Ward, 2005).
Keywords: Custodians of Transparency, Accountants and Auditors, Certified Fraud Examiner (CFE).
Title: AUDITOR’S SKILLS IN FIGHTING CORPORATE FRAUD
Author: Emmanuel A. Ihejirika
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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