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Topics related to third-line audit and external audit firms.

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Deeper Dive — Renal Failure: A Crisis in Audit Culture?

by Starling Insights

Thoughts

Mar 30, 2023

We are excited to announce the release of Renal Failure, the third in our Deeper Dive series of reports. Just as the kidneys flush out toxins in the human body, the accounting profession, and audit firms specifically, are responsible for catching and removing inaccurate or inappropriate data from financial statements. When either fails, the results can be catastrophic.

The 2022 Compendium is available now!

Now in its 5th year, Starling's Compendium features over 60 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

How Common is Corporate Fraud?

by Starling Insights

Observations

Feb 09, 2023

A recent study on corporate crime suggests accounting fraud may be endemic among US public companies. The researchers — Alexander Dyck (University of Toronto), Adair Morse (University of California, Berkeley), and Luigi Zingales (University of Chicago) — estimate that 41% of public companies materially misstate their financial accounts, and at least 10% engage in securities fraud.