Big Think

Forensic accountant explains why fraud thrives on Wall Street


Listen Later

Forensic accountant Kelly Richmond Pope explains how fraud runs rampant – even when businesses don’t intend it.

"Accounting is like a superpower," says Kelly Richmond Pope.
As a forensic accounting expert, Pope understands how this power comes with significant responsibilities and potential pitfalls. The pressure from market expectations can sometimes drive companies to inflate their financial performance, creating a precarious ethical landscape for the accounts overseeing the company’s financial activity.
Pope highlights a key problem area: the mismatch between the money a company actually has (cash) and the money it records as earned (revenue). In the wrong hands, this system can be exploited, leading to serious legal consequences.
She emphasizes that accountants often face hard choices and must stand firm in their ethics to ensure transparency and fairness in business.
----------------------------------------------------------------------------------
About Kelly Richmond Pope:
Dr. Kelly Richmond Pope is the Dr. Barry Jay Epstein Endowed Professor of Accounting at DePaul University in Chicago, IL. Pope is a nationally recognized expert in risk, forensic accounting, and white-collar crime research, and an award-winning educator, researcher, author, and award-winning documentary filmmaker. She’s the author of Fool Me Once: Scams, Stories, and Secrets from the Trillion Dollar Fraud Industry (Harvard Business Review Press, March 2023). Pope teaches managerial and forensic accounting both at the undergraduate and graduate level.

-----------------------------------11:08-23

---------


Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

Big ThinkBy bigthink

  • 1.7
  • 1.7
  • 1.7
  • 1.7
  • 1.7

1.7

16 ratings


More shows like Big Think

View all
StarTalk Radio by Neil deGrasse Tyson

StarTalk Radio

14,232 Listeners

Making Sense with Sam Harris by Sam Harris

Making Sense with Sam Harris

26,376 Listeners

Closer To Truth by Closer To Truth

Closer To Truth

251 Listeners

Into the Impossible With Brian Keating by Big Bang Productions Inc.

Into the Impossible With Brian Keating

1,064 Listeners

The Michael Shermer Show by Michael Shermer

The Michael Shermer Show

923 Listeners

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas by Sean Carroll | Wondery

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

4,155 Listeners

Within Reason by Alex J O'Connor

Within Reason

1,600 Listeners

The Origins Podcast with Lawrence Krauss by Lawrence M. Krauss

The Origins Podcast with Lawrence Krauss

500 Listeners

The Supermassive Podcast by The Royal Astronomical Society

The Supermassive Podcast

324 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

488 Listeners

Theories of Everything with Curt Jaimungal by Theories of Everything

Theories of Everything with Curt Jaimungal

30 Listeners

Why This Universe? by Dan Hooper, Shalma Wegsman

Why This Universe?

391 Listeners

The Poetry of Reality with Richard Dawkins by Richard Dawkins

The Poetry of Reality with Richard Dawkins

98 Listeners

Science with Sabine by Sabine Hossenfelder

Science with Sabine

62 Listeners

The Moynihan Report by 2WAY

The Moynihan Report

172 Listeners