Auditing Practices Quotes

Any crooked bookkeeper's books are balanced.

If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.

The Pentagon can't even audit its own books. It doesn't even know where its money is going. And we refuse to have the tough forces go on the Pentagon so that at least they are efficient with the money they're spending.

The government is one entity which can control fraud, both public and private.

Well, we want to make sure there's not securities fraud.

There is a lot of waste in government-run programs generally, and a lot of waste and fraud and misuse of money in Medicare and Medicaid that can be saved.

You can't keep fraud out of the system. The key to good regulation is how quickly you catch it.

There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense.