Quotes by Joseph Wells

“Accountants dont currently learn what motivates fraudulent conduct, how to spot the signals, how to prevent fraud from occurring and much more. As it stands now, auditors are fighting a war without being taught how to recognize the enemy. Until that changes, expect more heavy casualties.”

“I like the Juice, and I wanted to get a shirt signed.”

“Just ask the people holding accounting degrees. How much did you learn about fraud in college? The shocking answer: little or nothing.”

“Untrained accounting graduates have been drafted to wage war against sophisticated liars and thieves. And as multi-billion dollar accounting failures have shown, it hasnt been much of a fight.”

“[Finally, CPAs can only audit what is presented to them.] Under-the-table deals, sham transactions and the like can be easily concealed, ... Holding CPAs to a standard that requires them to detect all material fraud puts them in a no-win situation and they know it. Still, auditors can certainly do a much better job than theyve done in the past.”

“Under-the-table deals, sham transactions and the like can be easily concealed. Holding CPAs to a standard that requires them to detect all material fraud puts them in a no-win situation and they know it. Still, auditors can certainly do a much better job than theyve done in the past.”