Resumen
A few fraud cases stand out for the impact they have had on the auditing profession. These cases continue to affect how todays auditing professionals perform the critical job of expressing opinions on financial statements. Names and dates of certain cases appear in nearly all auditing textbooks, but rarely are the stories behind these cases presented. Fund of Funds is an international case so convoluted that it is difficult to tell the players without a score card. It spanned the globe from the Arctic wastelands to European palaces, across the Atlantic to Costa Rican hideaways and then traversed the United States to Hollywood movie lots. It included contact with a couple of US Presidents and a foreign leader thrown in for good measure. Like other Audit Cases That Made a Difference, Fund of Funds clearly shows students that fraud is not limited to todays corporations and that there is, indeed, little that is new under the sun.