A Collaboration
Against Fraud

The key to protecting companies from fraud is for all members of the financial reporting ecosystem to demonstrate vigilance, a resolve to exercise skepticism, focus on culture and attention to risk. Through thought leadership, education and research, the Anti-Fraud Collaboration (AFC) serves audit committees, auditors, company management and regulators.

Understanding the Role We All Play in Fighting Fraud

Every member in the financial reporting supply chain plays a critical role in deterring and detecting fraud. Our mission to enhance the effectiveness of financial fraud risk management means we are committed to sharing resources that can help you in your role to combat fraud.

Company Management

Public company management is at the forefront of fraud deterrence and detection. The AFC provides insights into management’s role from setting an ethical culture throughout the organization to establishing strong corporate governance. Dive deeper with the AFC.

Audit Committees

Boards of directors and audit committees are responsible for oversight of the business and critical risk areas. Learn more about the audit committee’s role in mitigating fraud risk from the AFC’s resources.

Internal Auditors

Internal auditors play a critical role in a company’s control environment and have a professional responsibility to manage fraud risk. Explore the AFC’s resources to understand how internal auditors examine key fraud risk areas.

External Auditors

External auditors provide reasonable assurance that financial statements are free of material misstatement, including from fraud, and they must be independent of the company they audit. Explore the AFC’s resources to understand the external auditors’ role in fraud deterrence and detection.

Regulators

Regulators make and enforce rules governing the integrity in financial reporting. The AFC aims to continually expand its engagement with regulators such as the Securities and Exchange Commission and Public Company Accounting Oversight Board. Learn more about the AFC’s role in convening all members of the financial reporting supply chain.

Company Management

Public company management is at the forefront of fraud deterrence and detection. The AFC provides insights into management’s role from setting an ethical culture throughout the organization to establishing strong corporate governance. Dive deeper with the AFC.

Audit Committees

Boards of directors and audit committees are responsible for oversight of the business and critical risk areas. Learn more about the audit committee’s role in mitigating fraud risk from the AFC’s resources.

Internal Auditors

Internal auditors play a critical role in a company’s control environment and have a professional responsibility to manage fraud risk. Explore the AFC’s resources to understand how internal auditors examine key fraud risk areas.

External Auditors

External auditors provide reasonable assurance that financial statements are free of material misstatement, including from fraud, and they must be independent of the company they audit. Explore the AFC’s resources to understand the external auditors’ role in fraud deterrence and detection.

Regulators

Regulators make and enforce rules governing the integrity in financial reporting. The AFC aims to continually expand its engagement with regulators such as the Securities and Exchange Commission and Public Company Accounting Oversight Board. Learn more about the AFC’s role in convening all members of the financial reporting supply chain.

Priorities and Featured Resources

Our research explores conditions that were present in organizations where fraud was uncovered, and the Anti-Fraud Collaboration is committed to sharing those findings. As part of our effort to develop resources that will provide insights for the entire financial reporting supply chain, we have prioritized key concepts that have been critical in efforts to deter and detect fraud like culture, skepticism, risk, and technology. Explore our resources to understand the role that each of these key priorities play in the fight against fraud below:

Case Study: Oteal Pharmaceuticals

Spotlight | New Case Study, Exclusive ESG Event

The Anti-Fraud Collaboration (AFC) is pleased to share with you the Collaboration’s recent resources. Explore the latest insights: The AFC has developed a new case study centered around a hypothetical fraud scenario at a global...

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