Articles

Reducing the Risk of Fraud in Financial Systems

Reducing the Risk of Fraud in Financial Systems

Those who design controls throughout financial and business processes should always consider the risk of fraud. However, there are several reasons to look beyond the traditional approaches to preventing and detecting fraud. Data analytics provide a way to...

Fraud Investigations and the SEC: What to Do, What to Know

Fraud Investigations and the SEC: What to Do, What to Know

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...

Seven Principles for Understanding and Avoiding Short-Termism

Seven Principles for Understanding and Avoiding Short-Termism

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...

Nonplussed by Non-GAAP

Nonplussed by Non-GAAP

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...

Anti-Fraud: Keeping Your House in Order

Anti-Fraud: Keeping Your House in Order

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,...