Defrauding the Public Interest: A Critical Examination of Reengineered Audit Processes and the Likelihood of Detecting Fraud

Charles P. Cullinan, Bryant University
Steve G. Sutton, University of Connecticut - Storrs

Document Type Article

Published by Elsevier in Critical Perspectives on Accounting Volume 13, Issue 3, pages 297-310.

Bryant University users may access this article here.


The main premise of this paper is that the increased emphasis on systems assessments is at odds with the profession’s position regarding fraud detection because most material frauds originate at the top levels of the organization, where controls and systems are least prevalent and effective. As such, the profession may be paying lip service to fraud detection, while at the same time changing the audit process in a manner that is less effective at detecting the most common frauds.