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....
As a follow up to its recent report, Mitigating the Risk of Common Fraud Schemes: An analysis of SEC Enforcement Actions, the Anti-Fraud Collaboration (AFC) analyzed data collected during its comprehensive review of 204 SEC enforcement actions to provide additional...
Over the years, the Securities and Exchange Commission’s (“SEC”) enforcement efforts have focused on a wide range of alleged misconduct, related but not limited to, intentional and non-scienter frauds, issuer reporting and disclosures, auditor shortcomings, absent or...
This report by the Anti-Fraud Collaboration explores the importance of more critically assessing the potential for fraud and examining some of the biases that can leave organizations vulnerable to deceptive activities. Skepticism is key when investigating potential...
When a corporate scandal occurs and stakeholders seek reasons and root causes, the trail often leads back to problems with the organization’s culture. But what if an organization could get ahead of those crises? Many companies have begun to understand that tracking...
Misconduct by any employee can potentially ruin any organization. Management typically institutes a variety of processes to minimize this risk and analyze and address any alleged transgressions. In an effort to better understand the factors that impede the reporting...