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JOURNAL OF ACCOUNTING AND FINANCE

Auditor Faux Pas and Managerial Fraud at McKesson and Robbins:

A Preliminary Study

Author(s): Jaysinha Shinde, Greg Poznic, Alicia Buehne, Udaysinha Shinde

Citation: Jaysinha Shinde, Greg Poznic, Alicia Buehne, Udaysinha Shinde, (2011) "Auditor Faux Pas and Managerial Fraud at McKesson and Robbins: A Preliminary Study" Vol. 11, Iss. 1, pp. 40 - 49

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Forensic accounting has seen a remarkable growth in the last decade due to accounting

scandals like Enron, Arthur Anderson, and Bernie Madoff Investments. This study explicates the

history and impact of the McKesson & Robbins fraud. This fraud indirectly led to the

establishment of the Generally Accepted Auditing Standards (GAAS). Today, every audit is

planned and executed based on the provisions of GAAS. In this pilot study, an instrument

measuring awareness of the McKesson & Robbins fraud is administered to 115 accounting

students. The results of this pilot study indicate that students have very little knowledge of this

monumental fraud.