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Preventing and Detecting Financial Fraud: Whose Job Is It? 

This May 2015 video interview transcription is from SmartPros Ltd.'s popular Financial Management Network (FMN)TM CPE Series.  The good news in recent years has been the economy's emergence from recession. The bad news, however, is that during such an economic upturn the pressure to achieve spectacular financial results increases. Here, Attorney Michael R. Young, a partner with Willkie Farr & Gallagher LLP, reminds you - as accountants and auditors - what you can and must do to prevent and detect financial fraud. In addition, he assesses the recent expansion of audit committee responsibility to include the oversight of risk management.

  

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FREE CPE: XBRL: Long Anticipated, Now Required
The third phase of the SEC's interactive data disclosure program took effect this month, with nearly all public companies now required to submit their data in the fully searchable, digital format known as XBRL. Joseph Howell, managing director at WebFilings, reviews how businesses are complying with the SEC mandate and predicts how companies will adapt the XBRL technology for their own internal needs.

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