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 role of technology has become more important today than ever before. The Anti-Fraud Collaboration’s Fraud and Emerging Technologies series spotlights drivers of innovation and major disruptors that are redefining the future of financial reporting, audit, and risk management. As the number of emerging technologies are ever increasing, this series aims to home in on key technological developments that are most relevant to the financial reporting ecosystem.
The global average total cost of a data breach in 2020 was $3.86 million.
The Anti-Fraud Collaboration explores the role of new technology in fraud perpetration and fraud detection while highlighting the associated risks and other considerations. Our Fraud and Emerging Technologies Series spotlights drivers of innovation and major disruptors that are redefining the future of financial reporting, audit, and risk management. As the list of emerging technologies are ever increasing, this series aims to home in on key technological developments that are most relevant to the financial reporting ecosystem.
Discover how the tools to fight fraud have evolved below:
Fraud and Emerging Tech: Generative AI
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...
Fraud and Emerging Tech: Digital Assets
Digital assets are quickly growing in popularity and more organizations are beginning to adopt this new technology. What are some of the fraud risks associated with digital assets? The latest addition to the Fraud and Emerging Tech series examines what digital assets...
Fraud and Emerging Tech: Identity and Authentication with the Paycheck Protection Program
As part of the Fraud and Emerging tech series, this article examines two key control objectives related to the prevention of fraud with the Paycheck Protection Program (PPP), focusing on technologies and processes to help mitigate identity-related frauds. This article...
Fraud and Emerging Tech: The Great Resignation
Since early 2020, many organizations have been coping with the impacts of the COVID-19 pandemic. One of the most significant ripple effects from the pandemic is the challenge to organizations’ people and processes—from the wave of layoffs resulting from lockdowns and...
Enhancing Fraud Detection and Deterrence: A Conversation with Karen Brady and Taylor Harris
Fighting financial fraud is a shared responsibility that requires vigilance from all members of the financial reporting ecosystem, including public company management, the audit committee, and internal and external auditors. Every member has unique skills that can be...