Wednesday, April 7, 2010

Director Needed for New PCAOB Financial Reporting Fraud Resource Center

It seems as if fraud is always with us. so one of the recommendations from the Treasury Advisory Committee on the Auditing Profession called for the creation by the PCAOB of a national center to facilitate the prevention and detection of financial fraud. As a result the PCAOB is developing the Financial Fraud Resource Center. The Center is expected to maintain and develop information related to financial reporting fraud and will publish public reports on financial reporting fraud risks.

The PCOAB is looking for someone to head up the Center. If you are looking for a job and have the following qualification you might be interested in becoming the Center's director. You need to be able to monitor emerging fraud risks (financial and nonfinancial) and developments (geoeconomic and geopolitical) in domestic and foreign capital markets, industries and public companies and analyze and interpret financial trends, developments and anomalies to identify factors that may contribute to financial reporting fraud.

One of the director’s first duties will be to work with the Board and senior PCAOB staff to set up the operations and activities of the new center. After the launch of the center, the director will be responsible for its day-to-day operations, including hiring and managing staff.

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