Washington, DC January 8 – Today, the Center for Audit Quality (CAQ) and the Association of Certified Fraud Examiners (ACFE) announced that the ACFE has joined the Anti-Fraud Collaboration (AFC), a collective effort of industry leaders committed to strengthening the fight against fraud across the financial reporting supply chain.
The inclusion of the ACFE in the AFC marks a significant milestone in our shared mission to foster collaboration across the financial reporting supply chain in the interest of protecting investors in U.S. capital markets. The ACFE, a globally recognized authority in fraud examination, brings strong expertise and insights to the AFC, further bolstering the collaboration’s ability to address the evolving challenges of fraud prevention and detection.
“We are thrilled to welcome the Association of Certified Fraud Examiners to the Anti-Fraud Collaboration,” said Dennis McGowan, CAQ Vice-President Professional Practice and Anti-Fraud Initiatives. “Their commitment to excellence in fraud examination aligns with the AFC’s goals to provide insights and recommendations on how to more effectively focus on fraud deterrence, detection, and risk management. This strategic partnership will undoubtedly enhance our collective efforts to safeguard the integrity of financial markets.”
ACFE President John Gill, J.D., CFE, expressed enthusiasm about the collaboration, stating, “Joining the Anti-Fraud Collaboration was an easy decision for the ACFE. By collaborating with fellow industry leaders, the ACFE can gain new perspectives to fulfill our mission to reduce the occurrence of fraud and other white-collar crimes—and help our membership do the same. This collaboration reinforces our dedication to the highest standards of ethical conduct and professional excellence, and we look forward to working alongside our new partners in the years to come.”
The AFC, comprised of professionals from various sectors of the financial reporting ecosystem, serves as a platform for sharing best practices, conducting research, and developing resources to address the complexities of fraud deterrence and detection.
The collaboration exemplifies the commitment of both organizations to promoting a robust and resilient financial reporting system to protect investors and the public from fraud. Together, the Anti-Fraud Collaboration members and the ACFE look forward to advancing the shared goal of maintaining public trust and confidence in the integrity of financial information.
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About the Center for Audit Quality:
The Center for Audit Quality (CAQ) is a nonpartisan public policy organization serving as the voice of U.S. public company auditors and matters related to the audits of public companies. The CAQ promotes high-quality performance by U.S. public company auditors; convenes capital market stakeholders to advance the discussion of critical issues affecting audit quality, U.S. public company reporting, and investor trust in the capital markets; and using independent research and analyses, champions policies and standards that bolster and support the effectiveness and responsiveness of U.S. public company auditors and audits to dynamic market conditions.
About the Association of Certified Fraud Examiners:
Founded in 1988 by Dr. Joseph T. Wells, CFE, CPA, the Association of Certified Fraud Examiners (ACFE) is the world’s largest anti-fraud organization. Together with more than 90,000 members, the ACFE works to reduce business fraud worldwide and inspire public confidence in the integrity and objectivity within the profession. For more information, visit ACFE.com.
About the Anti-Fraud Collaboration:
The Anti-Fraud Collaboration was created with the recognition that fighting fraud is a shared responsibility across the financial reporting supply chain. The Center for Audit Quality (CAQ), Financial Executives International (FEI), The Institute of Internal Auditors (IIA), and the National Association of Corporate Directors (NACD), representing members of the financial reporting supply chain, have formed a collaboration dedicated to advancing the discussion of critical anti-fraud efforts through initiatives focused on the following mission: Enhance the effectiveness of financial fraud risk management by promoting anti-fraud policies, procedures, controls, and practices, including those enhanced or enabled by technology.