Get Updates From the Collaboration
- On behalf of the Collaboration, Center for Audit Quality Executive Director Cindy Fornelli talks about initiative’s origins, its top priorities, and the importance of key stakeholders working together. View the video on AuditChannel.tv, a site launched in 2011 by The Institute of Internal Auditors to address the specific needs of internal auditors and the business community.
- The Collaboration’s second case study is designed to facilitate a discussion of how and when to conduct an internal investigation when fraud is suspected in an organization. For qualified instructors interested in teaching either case, click here to register for a copy of the companion discussion guide.
- Whose Job Is It to Find Financial Fraud? This Anti-Fraud Collaboration report examines expectation gaps within financial reporting chain.
- The report identifies three central themes that are critical to fraud deterrence and detection—strong “tone at the top,” skepticism, and robust communications—and explains how financial supply chain participants can incorporate these important traits into their efforts and their organizations.
- All publicly traded companies are required to have a process that employees can use to report occupational misconduct—i.e., the whistleblower program. How do you know if your company has an effective program? Our panel of experts provide insights into how leading organizations have successfully integrated the whistleblower hotline into the corporate culture. They make actionable recommendations that all companies can use to retool their existing programs.
- An ethical culture doesn’t just happen—it takes diligence. Each of the key stakeholders in the financial reporting supply chain—the financial team, the internal audit function, and the board and audit committee—plays an important part. Not surprisingly, corporate culture is a significant factor in the external auditor’s fraud-risk assessment of a company. Hear from our panelists how successful organizations leverage resources to reinforce an ethical culture, assess the effectiveness of anti-fraud initiatives, and implement changes to deter financial fraud. The panel will discuss actionable recommendations for steps to build a framework for an ethical culture, to evaluate the effectiveness of that framework, and to consistently reinforce the seriousness with which management views ethics, governance, risk, and compliance.
Skepticism and the Financial Reporting Supply Chain
about the collaboration
The Anti-Fraud Collaboration represents the collaborative efforts of the Center for Audit Quality, Financial Executives International, The Institute of Internal Auditors and the National Association of Corporate Directors, organizations that actively engage in efforts to mitigate the risks of financial reporting fraud. Our goal is to promote the deterrence and detection of financial reporting fraud through the development of tools and other resources targeted to the roles and responsibilities of participants across the financial reporting supply chain. Read more here >