Gilly Lord, Head of Audit Strategy & Transformation at PwC UK, shares key takeaways on the importance of corporate culture in combating fraud.
The risk of fraud should be considered when designing controls throughout financial and business processes. However, there are several reasons to look beyond the traditional approaches to preventing and detecting fraud, writes John Verver at the FEI Daily blog.
When a company identifies or suspects the existence of fraud, what steps should management and the board of directors take? What are key factors of which to be aware? As a follow-up to a December 2016 Anti-Fraud Collaboration webcast on these questions, CAQ Executive Director Cindy Fornelli has posted a companion commentary at the Global Knowledge Gateway of the International Federation of Accountants.
“Overcoming short-termism remains a stark challenge for many companies,” writes CAQ Executive Director Cindy Fornelli in this post at the NACD Board Leaders Blog. Fornelli, leveraging insights from a July 2016 webcast from the Anti-Fraud Collaboration, provides insights on understanding short-termism and how to mitigate its harmful effects.