Page 10 - Auditors Article

To some extent Johnson can be forgiven for not appreciating

that fraud was being perpetrated. On one hand he trusted his
CFO the friend he had previously worked with and on the

other he trusted the independent auditors he thought were

looking after the interests of the shareholders. However,

Johnson as a director of over 100 companies was probably
spread too thin “if you spread yourself too thin then the

outcome will be sub-optimal. Rigorous scrutiny is a

prerequisite”. [Johnson, L, 2019]