Sound corporate culture is a cornerstone of fraud deterrence and detection. This December 2017 webcast, hosted by the Anti-Fraud Collaboration, highlights leading practices on assessing and strengthening a company’s corporate culture. Hear from an expert panel, who share actionable recommendations that organizations can implement to deter fraud and misconduct. The panel also addresses oversight responsibilities of audit committee members, company management, and internal auditors. Expanding on insights contained in a 2017 National Association of Corporate Directors Blue Ribbon Commission report, Culture as a Corporate Asset, the webcast covers how culture impacts strategy, risk, and performance.
Slides for this webcast are available for download here.
Chief Compliance Officer
Cindy Fornelli (Moderator)
Center for Audit Quality
Brenda J. Gaines
Tenet Healthcare Corp.
Audit Committee Chair
Head of Regulatory Affairs and Audit Strategy & Transformation
Paul L. Walker
St. John’s University
Schiro/Zurick Chair in Enterprise Risk Management
The Anti-Fraud Collaboration has developed six short video vignettes for use with the LDC Cloud Systems Case Study. In each vignette, actors reenact several interactions selected from the case study. The videos do not provide information beyond that found in the case. Rather, they aim to enable discussion participants to see certain material in a new light and allow the discussion leader to emphasize certain aspects of the case in the classroom.
Effective accounting policies and internal controls are key for stemming fraud and reducing the number of financial restatements. So how can companies improve in these two areas? Hosted by the Anti-Fraud Collaboration, this July 2017 webcast highlights leading-practice recommendations from top company executives, corporate directors, and auditors. The webcast also outlines the importance of creating accounting policies and controls, crafted through risk-based evaluations, that can be easily understood by non-accountants. Expanding on insights contained in a 2017 Anti-Fraud Collaboration report—Addressing Challenges for Highly Subjective and Complex Accounting Areas—the webcast’s panelists include experts from across the financial reporting supply chain. They discuss how successful companies utilize strong accounting policies to deter and detect fraud while providing actionable recommendations that each supply chain member can bring to their organizations.
How does the Securities and Exchange Commission (SEC) go about early identification of potential securities law violations involving financial reporting? In this video, hear from the SEC’s Margaret McGuire, Senior Counsel to the Director of Enforcement and Chief of the SEC’s Financial Reporting and Audit (FRAud) Group. McGuire discusses the objectives of the FRAud group, its extensive use of technology, and how cooperation, self-remediation, and self-reporting are key tenets of the SEC’s enforcement program.