Menu3/14/18:
Cody Worthington recently posted an article to The FCPA Blog about an often-overlooked indicator of fraud: the balance sheet. He should know. Worthington is a Certified Fraud Examiner, Internal Auditor and Public Accountant in addition to his other roles. He cautions, “… don’t overlook the balance sheet. While it is true that corrupt payments may eventually flow through the income statement, the accounting for related activities sometimes starts on the balance sheet; and it can take years before the corrupt payment ends up in an income statement account.” He includes examples and urges compliance officers to include balance sheets in their next anti-corruption assessment.
