In this episode, Stephen sits down with long-time defense attorney Ralph Picardi, who shares an intriguing story of a claim brought against an accounting firm involving allegations of failure to detect fraud. In the telling of this story, Ralph explains what auditors can look for and steps to take to mitigate similar claims. Points discussed are standard of care, comparable negligence, culpability, skepticism, internal inspection and much more.
Ralph chooses to talk about Rickie Lee Jones debut 1979 album from Stephen’s vinyl collection.