Assurance provided by independent public company auditors creates a foundation of trust in American capital markets. The auditing profession remains focused on continuous improvement to audit quality that benefits investors in the U.S. capital markets. In the United...
Executive Summary After a fraud or scandal occurs, stakeholders ranging from employees, boards, investors, to regulators will question how it could have happened. The causes and contributing factors can often trace back to problems with the organization’s culture. A...
Executive Summary The Center for Audit Quality (CAQ) and Anti-Fraud Collaboration (AFC) convened a multi-stakeholder dialogue amongst members of the financial reporting ecosystem at an inaugural Fraud Forum during the 2024 International Fraud Awareness Week....
The growing popularity and ease of use of generative artificial intelligence (genAI) have encouraged organizations and individuals to explore how this technology can enhance business operations and day-to-day job activities. One area where genAI could potentially have...
Shifts in the economy, geopolitical landscape, and technological developments have created an environment in which companies are potentially more vulnerable to fraud. In recent years, as major corporate failures and scandals continue to be in the spotlight, fraud has...
The fraud risk landscape has evolved rapidly and the risk of fraud is present in every industry, particularly since the COVID-19 pandemic. A strong fraud risk management (FRM) program is a powerful tool that organizations can implement to address emerging fraud risks....