On the other hand,
according to Transparency International’s 2010
Corruption Perceptions Index (CPI), Singapore is
tied for the least corrupt country (with Denmark)
with a score of 9.3 (10 is perceived to have a low
level of corruption) (Transparency International,
2010). If financial reporting fraud is so common in
the country perceived to be the least corrupt in the
world, the situation might be worse in other
countries. In summary, we feel that fraud detection
skill is of growing importance as a SKA for auditors
but this may vary in different jurisdiction or geographical locations