An International Meeting of the American Accounting Association 2005 Annual Meeting August 7–10, 2005 San Francisco, California Come to the City by the Bay!

Effective Learning Strategies Forum
Wednesday, August 10, 2005

Session 25
Communication Skills for Discovery of Cooked Books Post-SOX

Presenter:
Elisabeth Rossen, University of Oslo

Description:
The focus of this session is on communication skills essential to accountants in identifying and reporting fraudulent financial reporting activities in their client engagements. Specifically, how does an accountant disengage himself from supporting fraudulent activities unexpectedly found on a client engagement? And how does an accountant report the fraudulent activities particularly if all he sees are red flags that he is not sure about and no one else seems to care? What is the accountant’s role if all he is asked to do to a compilation and he notices it does synchronize with the previous compilations performed on the same account?

Participants in this session will learn:

1. To identify when continuing with a client assignment would result in an accountant violating the AAA code of ethics and independence rule.
2. How to effectively report fraud even when no one wants to listen.
3. How to assess a compilation assignment that violates the independence rule and what to do about it.

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