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...
The common, and at times creative, use of “non-GAAP” financial reporting has come under scrutiny before by some, including the U.S. Securities and Exchange Commission (SEC). While not technically prohibited by SEC rules, the SEC’s attention to non-GAAP measures is...
Financial fraud reporting continues to be a major focus of both the public and private sectors. Participants across the financial reporting supply chain are also active in detecting and deterring fraud. The Anti-Fraud Collaboration continues to develop communication,...