Maui, Hawaii (Oct. 23, 2002) -- The American Institute of CPAs has put the issue of fraud at the top of its priority list, AICPA leaders told Council members gathered here.The AICPA is undertaking an aggressive campaign against fraud, chief executive Barry Melancon told Council members during their two-day meeting. In addition to the newly issued fraud standard, SAS 99, which will be available to the public at the end of this month, the institute plans to launch an online fraud resource center on its Web site in December, Melancon said.
The AICPA will tackle the "huge expectation gap with the public of what auditors’ responsibilities are for detecting fraud," Melancon said.
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