Jim Chanos: Conflicts Of Interest Prevent Auditors From Finding Fraud

In April of this year, UC Berkeley hosted a series of informal discussions and panels in San Francisco of the critical issues, technologies, and policies that drive financial fraud around the world.

Q1 hedge fund letters, conference, scoops etc

One of the panels, chaired by infamous short seller Jim Chanos of Kynikos Associates LP, discussed the role of auditors in detecting fraud, and why investors shouldn't rely on auditors to detect fraudulent activity at companies.

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Auditors don’t detect fraud

Joining Chanos on the panel were, Emily Alexander,...