A Guide for CFOs for Dealing with Fraud

SelectedWorks Author Profiles:

Carl J. Pacini

Document Type


Publication Date


Date Issued

January 1997

Date Available

March 2014




“…the Auditing Standards Board adopted Statement on Auditing Standard (SAS) No. 82, Consideration of Fraud in a Financial Statement Audit…But who is really responsible for detecting and preventing fraud? … We submit that those inside the firm—including the CFO—should take primary responsibility for protecting the entity’s assets. These insiders’ goals are more focused on the entity’s success, and they are in a better position to evaluate the risks of fraud and to take steps to prevent it. In this article, we identify the fraud risks and signals that management should recognize, and the actions they should take to prevent and deter fraud.” (p.45)


Excerpt only. Full-text article is available only through licensed access provided by the publisher. Published in The Journal of Corporate Accounting & Finance, 9(1), 45-56. Members of the USF System may access the full-text of the article through the authenticated link provided.




John Wiley & Sons, Inc.

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.