As we roll into audit season, would be wise to revisit your audit planning and risk assessment. Gary Zeune can help you do that in his superb article, Fraud: The 15 biggest risks for 2013.
He reminds us that we really, really need to understand our clients and their overall environment. We need to look at fraud from different angles all the time.
Try these ideas to refresh your thinking:
#1 – Are there things going on in DC or issues for which nothing is happening that could devastate your client’s industry? If so, you need to pay attention to the action or lethargy in play.