Sniffing for Cooked Books: Trend and Ratio Analysis
In June, Alton Sizemore Jr., CFE, CPA, sat down for a conversation with someone he had met before -- one of the primary architects of the $2.7 billion financial statement fraud at HealthSouth Corporation, headquartered in Birmingham, Ala. In this article, Sizemore supplies simple but powerful analytic techniques that fraud examiners could have used to possibly prevent this scheme.