Artificial intelligence (AI) has become one of the fastest-growing priorities for many companies in the digital era and, consequently, will have a wide-ranging impact on businesses across the globe. This post, part of an emerging technology series from the Anti-Fraud Collaboration, examines the implications of AI and one of its most commonly known applications—machine learning—when it comes to mitigating fraud risk.
Despite numerous other challenges faced by companies during one of the most disruptive times in recent decades, cybersecurity remains top of mind for businesses as they respond to the COVID-19 pandemic. This post, part of an emerging technology series from the Anti-Fraud Collaboration, examines the implications of cybercrime during the crisis.
There are more technological advances designed to collect data today than ever before. The enormous amounts of data that is being used, shared, and leveraged raise urgent questions about data ethics and governance. Get insights from a new report from the IIA on these concepts in a rapidly changing field and the impact of COVID-19. This is the third article in the Collaboration’s series on emerging technology and fraud. Read the full report at the IIA website.
Blockchain has emerged as a driver of innovation in financial reporting, audit, and risk management. What are the implications of this technology for deterring and detecting financial reporting fraud? Drill down on this question and others in this article from Lucy Wang, CFE, Senior Technical Manager of Anti-Fraud at the Center for Audit Quality. The article, the second in the Collaboration’s series on emerging technology and fraud, is available here: https://www.thecaq.org/fraud-and-emerging-tech-blockchain/
There are many ways in which robotic process automation (RPA) can mitigate a company’s fraud risk. In this Financial Executives International post, the first in an emerging technology series from the Anti-Fraud Collaboration, learn more about RPA and its potential for fighting financial reporting fraud.
Read the full post at the FEI website: https://www.financialexecutives.org/FEI-Daily/January-2020/Fraud-and-Emerging-Tech-Robotic-Process-Automatio.aspx
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.
This item from Financial Executives International’s Erik Bradbury examines the use of non-GAAP measures, an area of heightened scrutiny by regulators.
At her LinkedIn Influencer page, CAQ Executive Director Cindy Fornelli provides a set of actionable recommendations for deterring and detecting financial reporting fraud.