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Anti-Fraud
Fighting fraud is a shared responsibility among all members of the financial reporting supply chain.
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As a partner of the Anti-Fraud Collaboration (AFC), the CAQ and the AFC work together to produce a wide range of resources to assist in the deterrence and detection of financial reporting fraud.
Resources are focused on highlighting four key fraud prevention themes: the importance of skepticism, building an ethical culture, managing and looking at possible risks, and considerations when using emerging technologies in anti-fraud efforts.
The Anti-Fraud Collaboration
Formed in 2010 by four organizations representing members of the financial reporting supply chain, the Anti-Fraud Collaboration seeks to develop resources that will provide insights and recommendations on how to more efficiently and effectively focus on fraud deterrence, detection, and risk management.
Related Resources
The Future of Work: Enhancing Corporate Culture to Deter and Detect Fraud
Companies that swiftly transitioned to remote work during the pandemic are now exploring ways to bring employees back to the office full-time, implement hybrid models, or establish long-term remote work policies. These changes present new challenges in maintaining an ethical...
Anti-Fraud, Blog Post
Strengthening Fraud Deterrence and Detection: Key Insights from the AFC Fraud Forum
In today’s rapidly evolving financial reporting and regulatory environment, fraud remains an ever-present threat, requiring vigilance and adaptation.
As the Director of Anti-Fraud Initiatives, I engage in meaningful conversations with a diverse group of stakeholders within the financial reporting ecosystem year-round...
Anti-Fraud, Blog Post
The Role of the Auditor: Assessing and Responding to Fraud Risk
The Role of the Auditor: Assessing and Responding to Fraud Risk provides insights into practices, tools, and considerations that can help auditors, especially those with less experience, enhance their professional skepticism and overall approach to assessing and responding to...
Auditors, Policymakers, Audit Committee, Investors, Publications, Audit Quality, Anti-Fraud
Fighting Fraud: A Shared Responsibility
Introduction
In March 2024, the Association of Certified Fraud Examiners (ACFE) released Occupational Fraud 2024: A Report to the Nations (report). The cases in this report were submitted by Certified Fraud Examiners (CFEs) throughout the world who each responded to the...
Anti-Fraud, Blog Post
Comment Letter | PCAOB: AS 2405, A Company’s Noncompliance with Laws and Regulations
We are pleased to submit the attached comment letter written in response to the PCAOB’s reopening of the comment period on its proposed Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations and Other Related...
Auditors, Policymakers, Audit Committee, Comment Letter, Anti-Fraud
Statement on the PCAOB’s NOCLAR Roundtable Event
Transparency and accountability are pillars of effective public policy development. Unfortunately, the roundtable that the PCAOB held this week on its proposal related to company noncompliance with laws and regulations (NOCLAR) failed to live up to these principles. Specifically, the...
Auditors, Audit Committee, Statements, Anti-Fraud
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