Piercy Bowler Taylor & Kern’s Certified Fraud Examiners (CFEs) Mike Rosten, CPA and Tricia Cook recently attended the Association of Certified Fraud Examiner’s (ACFE) annual conference in Las Vegas. This article from Forbes Magazine sums up the top awards given out at the conference. An interesting note was the closing speaker.
“Enron’s former CFO, Andrew Fastow, closed the conference with his humble remarks about his days as CFO of the year until his fall associated with his involvement in one of the largest frauds in U.S. history. For anyone paying attention to what Fastow had to say, they need only have listened to his comment on the world of creative accounting, “Accounting rules can be vague and we at Enron viewed that vagueness as an opportunity.” He went on to comment about how some of the accounting games they played at Enron are, or appear to be, legal today. Those off-balance sheet accounting entries are alive and well.”
Click here to read the full article from Forbes.com.