Episode 43 of “Profession in Focus” features the Securities and Exchange Commission’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...
A report published by the CAQ on behalf of the Anti-Fraud Collaboration, Addressing Challenges for Highly Subjective and Complex Accounting Areas compiles leading-practice recommendations from dozens of company executives, corporate directors, and auditors who...
Episode 41 of “Profession in Focus” features KPMG LLP Partner Timothy Hedley. Hedley discusses the keys to robust fraud deterrence and detection, the role of technology in anti-fraud efforts, and the importance of ethical corporate culture.
Thanks in part to proactive efforts like the Anti-Fraud Collaboration, awareness and activity in the fight against financial reporting fraud are as strong as ever. Unfortunately, however, fraud still happens, and always will. So what steps should management and a...
While short-termism is a sizable challenge, so too is the commitment to understanding why this is such an entrenched business practice, and how we can mitigate its harmful effects. The Anti-Fraud Collaboration hosted a webcast, “Coming to Terms with Short-Termism”, to...
The goals that a company’s investors may have for long-term value creation may come into conflict with incentives that are introduced by short-term pressures, with examples including analysts’ expectations, internal profit targets, and compensation bonuses tied to...