Protecting<br />
the Public<br />
from Fraud<br />
and Ensuring<br />
Audit Quality<br />
An Interview with<br />
SEC Chief Accountant<br />
James L. Kroeker<br />
SPECIAL<br />
FOCUS ON FRAUD:<br />
Auditors'<br />
Responsibility<br />
for Detecting<br />
Fraud<br />
Plus<br />
Auditors' Cognitive Biases New Perspective on Fraud<br />
Questionable Staff BehaviorCONTENTS<br />
june 2012<br />
24 Special Focus on Fraud<br />
❙ Point/Counterpoint<br />
Auditors' Responsibility for Detecting Fraud:<br />
Putting Ethics and Morality First<br />
By Richard H. Kravitz<br />
❙ Point/Counterpoint<br />
Auditors' Responsibility for Detecting Fraud:<br />
Applying Professional Judgment and Maintaining Integrity<br />
<a title="The CPA Journal - June 2012 page 1" href="http://viewer.zmags.com/publication/d5ee8b7d?page=1">Protecting the Public from Fraud and Ens</a>
<a title="The CPA Journal - June 2012 page 2" href="http://viewer.zmags.com/publication/d5ee8b7d?page=2"></a>
<a title="The CPA Journal - June 2012 page 3" href="http://viewer.zmags.com/publication/d5ee8b7d?page=3"></a>
<a title="The CPA Journal - June 2012 page 4" href="http://viewer.zmags.com/publication/d5ee8b7d?page=4">CONTENTS june 2012 </a>
<a title="The CPA Journal - June 2012 page 5" href="http://viewer.zmags.com/publication/d5ee8b7d?page=5">vol. LXXXII/no.6 6PERSPECTIVES 16IN FO</a>
<a title="The CPA Journal - June 2012 page 6" href="http://viewer.zmags.com/publication/d5ee8b7d?page=6">Publisher JOANNE S. BARRY Associate Publisher</a>
<a title="The CPA Journal - June 2012 page 7" href="http://viewer.zmags.com/publication/d5ee8b7d?page=7"></a>
<a title="The CPA Journal - June 2012 page 8" href="http://viewer.zmags.com/publication/d5ee8b7d?page=8">The Basics of Business Valuation, Fraud and Forens</a>
<a title="The CPA Journal - June 2012 page 9" href="http://viewer.zmags.com/publication/d5ee8b7d?page=9">Publisher’s Column, A Government Affairs Program T</a>
<a title="The CPA Journal - June 2012 page 10" href="http://viewer.zmags.com/publication/d5ee8b7d?page=10">The Basics of Business Valuation, Fraud and Forens</a>
<a title="The CPA Journal - June 2012 page 11" href="http://viewer.zmags.com/publication/d5ee8b7d?page=11">The Basics of Business Valuation, Fraud and Forens</a>
<a title="The CPA Journal - June 2012 page 12" href="http://viewer.zmags.com/publication/d5ee8b7d?page=12">The Basics of Business Valuation, Fraud and Forens</a>
<a title="The CPA Journal - June 2012 page 13" href="http://viewer.zmags.com/publication/d5ee8b7d?page=13">The Basics of Business Valuation, Fraud and Forens</a>
<a title="The CPA Journal - June 2012 page 14" href="http://viewer.zmags.com/publication/d5ee8b7d?page=14">The Global Fraud Threat: A Report on Causes, Detec</a>
<a title="The CPA Journal - June 2012 page 15" href="http://viewer.zmags.com/publication/d5ee8b7d?page=15">The Global Fraud Threat: A Report on Causes, Detec</a>
<a title="The CPA Journal - June 2012 page 16" href="http://viewer.zmags.com/publication/d5ee8b7d?page=16">Inbox: Letters to the Editor, An Unrealistic View </a>
<a title="The CPA Journal - June 2012 page 17" href="http://viewer.zmags.com/publication/d5ee8b7d?page=17">Inbox: Letters to the Editor, An Unrealistic View </a>
<a title="The CPA Journal - June 2012 page 18" href="http://viewer.zmags.com/publication/d5ee8b7d?page=18">Protecting the Public from Fraud and Ensuring Audi</a>
<a title="The CPA Journal - June 2012 page 19" href="http://viewer.zmags.com/publication/d5ee8b7d?page=19">Protecting the Public from Fraud and Ensuring Audi</a>
<a title="The CPA Journal - June 2012 page 20" href="http://viewer.zmags.com/publication/d5ee8b7d?page=20">Protecting the Public from Fraud and Ensuring Audi</a>
<a title="The CPA Journal - June 2012 page 21" href="http://viewer.zmags.com/publication/d5ee8b7d?page=21">Protecting the Public from Fraud and Ensuring Audi</a>
<a title="The CPA Journal - June 2012 page 22" href="http://viewer.zmags.com/publication/d5ee8b7d?page=22">Protecting the Public from Fraud and Ensuring Audi</a>
<a title="The CPA Journal - June 2012 page 23" href="http://viewer.zmags.com/publication/d5ee8b7d?page=23">Protecting the Public from Fraud and Ensuring Audi</a>
<a title="The CPA Journal - June 2012 page 24" href="http://viewer.zmags.com/publication/d5ee8b7d?page=24">Protecting the Public from Fraud and Ensuring Audi</a>
<a title="The CPA Journal - June 2012 page 25" href="http://viewer.zmags.com/publication/d5ee8b7d?page=25">Protecting the Public from Fraud and Ensuring Audi</a>
<a title="The CPA Journal - June 2012 page 26" href="http://viewer.zmags.com/publication/d5ee8b7d?page=26">Auditors’ Responsibility for Detecting Fraud: Putt</a>
<a title="The CPA Journal - June 2012 page 27" href="http://viewer.zmags.com/publication/d5ee8b7d?page=27">Auditors’ Responsibility for Detecting Fraud: Putt</a>
<a title="The CPA Journal - June 2012 page 28" href="http://viewer.zmags.com/publication/d5ee8b7d?page=28">Auditors’ Responsibility for Detecting Fraud: Putt</a>
<a title="The CPA Journal - June 2012 page 29" href="http://viewer.zmags.com/publication/d5ee8b7d?page=29">Auditors’ Responsibility for Detecting Fraud: Putt</a>
<a title="The CPA Journal - June 2012 page 30" href="http://viewer.zmags.com/publication/d5ee8b7d?page=30">Auditors’ Responsibility for Detecting Fraud: Putt</a>
<a title="The CPA Journal - June 2012 page 31" href="http://viewer.zmags.com/publication/d5ee8b7d?page=31">Auditors’ Responsibility for Detecting Fraud: Putt</a>
<a title="The CPA Journal - June 2012 page 32" href="http://viewer.zmags.com/publication/d5ee8b7d?page=32">Auditors’ Responsibility for Detecting Fraud: Putt</a>
<a title="The CPA Journal - June 2012 page 33" href="http://viewer.zmags.com/publication/d5ee8b7d?page=33"></a>
<a title="The CPA Journal - June 2012 page 34" href="http://viewer.zmags.com/publication/d5ee8b7d?page=34">Auditors’ Responsibility for Detecting Fraud: Appl</a>
<a title="The CPA Journal - June 2012 page 35" href="http://viewer.zmags.com/publication/d5ee8b7d?page=35">Auditors’ Responsibility for Detecting Fraud: Appl</a>
<a title="The CPA Journal - June 2012 page 36" href="http://viewer.zmags.com/publication/d5ee8b7d?page=36">Auditors’ Responsibility for Detecting Fraud: Appl</a>
<a title="The CPA Journal - June 2012 page 37" href="http://viewer.zmags.com/publication/d5ee8b7d?page=37">Auditors’ Responsibility for Detecting Fraud: Appl</a>
<a title="The CPA Journal - June 2012 page 38" href="http://viewer.zmags.com/publication/d5ee8b7d?page=38">Auditors’ Responsibility for Detecting Fraud: Appl</a>
<a title="The CPA Journal - June 2012 page 39" href="http://viewer.zmags.com/publication/d5ee8b7d?page=39">Auditors’ Responsibility for Detecting Fraud: Appl</a>
<a title="The CPA Journal - June 2012 page 40" href="http://viewer.zmags.com/publication/d5ee8b7d?page=40">Auditors’ Responsibility for Detecting Fraud: Appl</a>
<a title="The CPA Journal - June 2012 page 41" href="http://viewer.zmags.com/publication/d5ee8b7d?page=41">FAE 2012 On-Site Learning FAE On-Site L</a>
<a title="The CPA Journal - June 2012 page 42" href="http://viewer.zmags.com/publication/d5ee8b7d?page=42">Cognitive Biases in Audit Engagements: Errors in J</a>
<a title="The CPA Journal - June 2012 page 43" href="http://viewer.zmags.com/publication/d5ee8b7d?page=43">Cognitive Biases in Audit Engagements: Errors in J</a>
<a title="The CPA Journal - June 2012 page 44" href="http://viewer.zmags.com/publication/d5ee8b7d?page=44">Cognitive Biases in Audit Engagements: Errors in J</a>
<a title="The CPA Journal - June 2012 page 45" href="http://viewer.zmags.com/publication/d5ee8b7d?page=45">Cognitive Biases in Audit Engagements: Errors in J</a>
<a title="The CPA Journal - June 2012 page 46" href="http://viewer.zmags.com/publication/d5ee8b7d?page=46">Cognitive Biases in Audit Engagements: Errors in J</a>
<a title="The CPA Journal - June 2012 page 47" href="http://viewer.zmags.com/publication/d5ee8b7d?page=47">Cognitive Biases in Audit Engagements: Errors in J</a>
<a title="The CPA Journal - June 2012 page 48" href="http://viewer.zmags.com/publication/d5ee8b7d?page=48">Sales Taxation of Services: A Look at New York, Ne</a>
<a title="The CPA Journal - June 2012 page 49" href="http://viewer.zmags.com/publication/d5ee8b7d?page=49">Sales Taxation of Services: A Look at New York, Ne</a>
<a title="The CPA Journal - June 2012 page 50" href="http://viewer.zmags.com/publication/d5ee8b7d?page=50">Home Office Deductions: A Review of the Requiremen</a>
<a title="The CPA Journal - June 2012 page 51" href="http://viewer.zmags.com/publication/d5ee8b7d?page=51">Home Office Deductions: A Review of the Requiremen</a>
<a title="The CPA Journal - June 2012 page 52" href="http://viewer.zmags.com/publication/d5ee8b7d?page=52">Offers as Market Value in an Estate Tax Matter: A </a>
<a title="The CPA Journal - June 2012 page 53" href="http://viewer.zmags.com/publication/d5ee8b7d?page=53">Offers as Market Value in an Estate Tax Matter: A </a>
<a title="The CPA Journal - June 2012 page 54" href="http://viewer.zmags.com/publication/d5ee8b7d?page=54">Offers as Market Value in an Estate Tax Matter: A </a>
<a title="The CPA Journal - June 2012 page 55" href="http://viewer.zmags.com/publication/d5ee8b7d?page=55"> Offers as Market Value in an Estate Tax Matter: </a>
<a title="The CPA Journal - June 2012 page 56" href="http://viewer.zmags.com/publication/d5ee8b7d?page=56">Measuring Corporate Social Responsibility: A Surve</a>
<a title="The CPA Journal - June 2012 page 57" href="http://viewer.zmags.com/publication/d5ee8b7d?page=57">Measuring Corporate Social Responsibility: A Surve</a>
<a title="The CPA Journal - June 2012 page 58" href="http://viewer.zmags.com/publication/d5ee8b7d?page=58">Measuring Corporate Social Responsibility: A Surve</a>
<a title="The CPA Journal - June 2012 page 59" href="http://viewer.zmags.com/publication/d5ee8b7d?page=59">Measuring Corporate Social Responsibility: A Surve</a>
<a title="The CPA Journal - June 2012 page 60" href="http://viewer.zmags.com/publication/d5ee8b7d?page=60">Measuring Corporate Social Responsibility: A Surve</a>
<a title="The CPA Journal - June 2012 page 61" href="http://viewer.zmags.com/publication/d5ee8b7d?page=61">Measuring Corporate Social Responsibility: A Surve</a>
<a title="The CPA Journal - June 2012 page 62" href="http://viewer.zmags.com/publication/d5ee8b7d?page=62">Measuring Corporate Social Responsibility: A Surve</a>
<a title="The CPA Journal - June 2012 page 63" href="http://viewer.zmags.com/publication/d5ee8b7d?page=63">Financial Fraud: A New Perspective on an Old Probl</a>
<a title="The CPA Journal - June 2012 page 64" href="http://viewer.zmags.com/publication/d5ee8b7d?page=64">Financial Fraud: A New Perspective on an Old Probl</a>
<a title="The CPA Journal - June 2012 page 65" href="http://viewer.zmags.com/publication/d5ee8b7d?page=65">Financial Fraud: A New Perspective on an Old Probl</a>
<a title="The CPA Journal - June 2012 page 66" href="http://viewer.zmags.com/publication/d5ee8b7d?page=66">Financial Fraud: A New Perspective on an Old Probl</a>
<a title="The CPA Journal - June 2012 page 67" href="http://viewer.zmags.com/publication/d5ee8b7d?page=67">Financial Fraud: A New Perspective on an Old Probl</a>
<a title="The CPA Journal - June 2012 page 68" href="http://viewer.zmags.com/publication/d5ee8b7d?page=68">Staff Auditors’ Observations of Questionable Peer </a>
<a title="The CPA Journal - June 2012 page 69" href="http://viewer.zmags.com/publication/d5ee8b7d?page=69">Staff Auditors’ Observations of Questionable Peer </a>
<a title="The CPA Journal - June 2012 page 70" href="http://viewer.zmags.com/publication/d5ee8b7d?page=70">Staff Auditors’ Observations of Questionable Peer </a>
<a title="The CPA Journal - June 2012 page 71" href="http://viewer.zmags.com/publication/d5ee8b7d?page=71">Staff Auditors’ Observations of Questionable Peer </a>
<a title="The CPA Journal - June 2012 page 72" href="http://viewer.zmags.com/publication/d5ee8b7d?page=72"> Staff Auditors’ Observations of Questionable Pee</a>
<a title="The CPA Journal - June 2012 page 73" href="http://viewer.zmags.com/publication/d5ee8b7d?page=73">Staff Auditors’ Observations of Questionable Peer </a>
<a title="The CPA Journal - June 2012 page 74" href="http://viewer.zmags.com/publication/d5ee8b7d?page=74">Website of the Month, AccountingTools.com, article</a>
<a title="The CPA Journal - June 2012 page 75" href="http://viewer.zmags.com/publication/d5ee8b7d?page=75">Website of the Month, AccountingTools.com, article</a>
<a title="The CPA Journal - June 2012 page 76" href="http://viewer.zmags.com/publication/d5ee8b7d?page=76">CLASSIFIEDMARKETPLACE PROFESSIONAL OPPORTUNITY l </a>
<a title="The CPA Journal - June 2012 page 77" href="http://viewer.zmags.com/publication/d5ee8b7d?page=77"> Peer Review If you need help, the</a>
<a title="The CPA Journal - June 2012 page 78" href="http://viewer.zmags.com/publication/d5ee8b7d?page=78">Looking to acquire practice! Full service LI CP</a>
<a title="The CPA Journal - June 2012 page 79" href="http://viewer.zmags.com/publication/d5ee8b7d?page=79"> SALES TAX PROBLEMS? Are you being</a>
<a title="The CPA Journal - June 2012 page 80" href="http://viewer.zmags.com/publication/d5ee8b7d?page=80"> </a>
<a title="The CPA Journal - June 2012 page 81" href="http://viewer.zmags.com/publication/d5ee8b7d?page=81">ECONOMIC & MARKET DATA monthly up</a>
<a title="The CPA Journal - June 2012 page 82" href="http://viewer.zmags.com/publication/d5ee8b7d?page=82">How to Detect Fraud, ACFE, expectation, responsibi</a>
<a title="The CPA Journal - June 2012 page 83" href="http://viewer.zmags.com/publication/d5ee8b7d?page=83"></a>
<a title="The CPA Journal - June 2012 page 84" href="http://viewer.zmags.com/publication/d5ee8b7d?page=84"></a>