WSJ News Exclusive | SEC Accountant Warns of Heightened Fraud Risk Amid Recession Fears, Market Selloff

Wall Street’s top watchdog is warning that the market selloff and fears of a recession could encourage more companies to cook their books, and it is pressuring auditors to catch them.

“The current economic environment is subject to significant uncertainties and, historically, that oftentimes leads to heightened fraud risk,” Paul Munter, acting chief accountant at the Securities and Exchange Commission, said in an interview. “So we are trying to be proactive and speak to the marketplace.”

Fraud That was during PPP Loan; now everyone is learning how to hack world wide.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | General Mills, Audi and Pfizer Join Growing List of Companies Pausing Twitter AdsA growing list of brands have paused their Twitter ads since Elon Musk's takeover, including General Mills, Audi and Pfizer, people familiar with the matter say Good Garbage cereal, Nazi rooted auto maker, genocidal pharmaceutical company. ✌🏼 Yeah, Pfizer is really gonna feel the pinch from that. The US government just bought billions more vax, so they don't need to advertise. We just paid for it.
Source: WSJ - 🏆 98. / 63 Read more »