Blockchain has emerged as a driver of innovation in financial reporting, audit, and risk management. What are the implications of this technology for deterring and detecting financial reporting fraud? Drill down on this question and others in this article from Lucy Wang, CFE, Senior Technical Manager of Anti-Fraud at the Center for Audit Quality. The article, the second in the Collaboration’s series on emerging technology and fraud, is available here: https://www.thecaq.org/fraud-and-emerging-tech-blockchain/
There are many ways in which robotic process automation (RPA) can mitigate a company’s fraud risk. In this Financial Executives International post, the first in an emerging technology series from the Anti-Fraud Collaboration, learn more about RPA and its potential for fighting financial reporting fraud.
Read the full post at the FEI website: https://www.financialexecutives.org/FEI-Daily/January-2020/Fraud-and-Emerging-Tech-Robotic-Process-Automatio.aspx
Gilly Lord, Head of Audit Strategy & Transformation at PwC UK, shares key takeaways on the importance of corporate culture in combating fraud.
The risk of fraud should be considered when designing controls throughout financial and business processes. However, there are several reasons to look beyond the traditional approaches to preventing and detecting fraud, writes John Verver at the FEI Daily blog.