The fraud standard actually starts off by explaining thatthere are two types of fraud....
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The fraud standard actually starts off by explaining that
there are two types of fraud. It's either misappropriation of assets
or fraudulent financial reporting. In the case of Steinhoff, it was
allegedly fraudulent financial reporting. If you'll indulge me, I'll go
through some of the factors that could have alerted
the auditors to
there are two types of fraud. It's either misappropriation of assets
or fraudulent financial reporting. In the case of Steinhoff, it was
allegedly fraudulent financial reporting. If you'll indulge me, I'll go
through some of the factors that could have alerted
the auditors to
Full Transcript
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The fraud standard actually
00:00:02.721 --> 00:00:06.799
starts off by explaining that
there are two types of fraud.
00:00:06.008 --> 00:00:11.012
It's either misappropriation of assets
or fraudulent financial reporting.
00:00:11.076 --> 00:00:16.000
In the case of Steinhoff, it was
allegedly fraudulent financial reporting.
00:00:17.000 --> 00:00:20.519
If you'll indulge me, I'll go
through some of the factors
00:00:20.052 --> 00:00:24.012
that could have alerted
the auditors to...
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Movie Summary
The biggest corporate scandal in South African history, the fall of Steinhoff led to a loss of R200 billion. Steinheist untangles the story: the investors who were taken in; the victims and the CEO, Markus Jooste, who's still a fr...
