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[書摘]英文審計案例(含評論)-6  

2010-03-05 14:29:29|  分类: 转帖:我是搬运工 |  标签: |举报 |字号 订阅

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Chapter 6: Audit Responsibilities and Objectives

Where Were the Auditors?

Barry Minkow was a true “whiz kid”. He started ZZZZ Best Company, a high-flying carpet cleaning company specializing in insurance restoration contracts, at the age of 16. In 1982, when Minkow started the business, it was run out of his garage, but a mere 5 years later he had taken the company public and it had sales of $50 million and earnings of more than $5 million. The market value of Minkow’s stock in ZZZZ Best exceeded $100 million.

As it turned out, Minkow’s genius lay not in business, but in deception. Instead of being a solid operation company, ZZZZ Best was an illusion. There were no large restoration jobs and no real revenues and profits. They were only on paper and supported by an effective network of methods to deceive shareholders, the SEC, and the reputable professionals who served the company, including its auditors. Many, including members of Congress, asked, “How could this happen? Where were the auditors?”

When ZZZZ Best first started to grow, Minkow ran into the common problem of needing credit. He devised a scheme with an insurance adjuster to validate non-existent jobs to potential creditors. Minkow could then get large sums of cash or credit despite not doing any real work. The scam was broadened when ZZZZ Best started needing audits. To fool the auditors, the co-conspirator insurance adjuster was kept busy running a company that generated false contracts for ZZZZ Best. When the auditors tried to check on those contracts, the adjuster confirmed them. Minkow even went so far as taking auditors to real work sites, sites that weren’t actually his. He even leased a partially completed building and hired sub-contractors to perform work on the site, all for the sake of a visit by the auditors.

As incredible as the ZZZZ Best story may seem, when asked about it, most knowledgeable observers would answer: “It’s not the first time, and it won’t be the last.” It is also not the last time people will ask, “Where were the auditors?”

 

導語與案例完全無關,就不發了,說說上面這個案例吧。這個巴裡·明科詐騙案曾經轟動一時,對審計業界的影響堪比1936年的邁凱森·羅賓臣(McKesson & Robins)一案。那個號稱“天才小子”的傢伙祗用了一些很低級的手段,就讓Ernst & Whitney(安永前身)的核數師狠狠地栽了個跟頭。詳盡的介紹在這裡,慢慢看哈。不過值得一提的是這小子出來以後良心發現,居然開始幫著別人查起了公司舞弊,還真是浪子回頭了咧。[書摘]英文審計案例(含評論)-6 - maxpayne0594 - Call of Duty

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