The Journal of Forensic & Investigative Accounting recently published an article titled, "Electronic Audit Confirmations: Leveraging Technology to Reduce the Risk of Fraud".  The article, written by Steven A Solieri and Joan Hodowanitz, provides six examples of audit confirmation frauds and illustrates how easy it is to deceive auditors and regulators when relying on traditional, paper-based audit processes rather than the electronic confirmation process.  Furthermore, the article points out that technology has come a long way since the paper-based confirmation process was developed in the nineteenth-century, and that online audit confirmations help auditors detect financial statement fraud. 

To read the article in its entirety, click here.