Spotlight Nov. 2021 | New Case Study, Exclusive ESG Event

The Anti-Fraud Collaboration (AFC) is pleased to share with you the Collaboration’s recent resources. Explore the latest insights:

  • The AFC has developed a new case study centered around a hypothetical fraud scenario at a global pharmaceutical company. Users of the case study can examine the fictional company, and their own organizations, through three lenses: the fraud triangle, financial reporting supply chain roles, and key fraud prevention themes.
  • With greater interest in ESG reporting by regulators, investors, and other financial reporting stakeholders, it is critical that reported ESG information be accurate and reliable. Hear experts discuss how companies can approach their ESG strategy, mitigate ESG-related disclosure risks, as well as keep current with various regulatory developments.
  • Follow the AFC during Fraud Awareness Week. The AFC will be sharing its latest content on emerging fraud risks and effective tools that can elevate your fraud deterrence and detection skills from November 14th through November 20th.

Explore real fraud scenarios

Solve the case. The latest installment in the AFC fraud case series centers around a global pharmaceutical company, Oteal Pharmaceuticals, and possible financial statement fraud. The case study starts with a set of facts about a fictional company, and through the case, financial reporting supply chain stakeholders can consider what could have been done to address the red flags and mitigate the risk of fraud. Hear from financial reporting supply chain members who have used this case study:

Host a discussion. AFC case studies provide a venue for financial reporting stakeholders to engage in a group discussion about fraud. The AFC offers a companion discussion guide as a blueprint to help experienced trainers and educators lead an interactive discussion based on the case study with members of the financial reporting supply chain and other relevant stakeholders with an interest in fraud deterrence and detection. Request a free discussion guide here.

Download the full case study: Oteal Pharmaceuticals.


Stay ahead of ESG-related disclosure risks

Ongoing ESG risks. The current ESG reporting and assurance landscape is rapidly evolving to meet the need of investors, regulators, and other financial reporting stakeholders, which can present disclosure risks for public companies. Join the AFC-founding organization, Center for Audit Quality (CAQ), at ECI’s complimentary Leading Edge Series on Tuesday, November 2nd at 11:45 AM ET to hear experts discuss Strategy & Objective Setting for ESG-Related Risks. Here are the key learning objectives:

Register today: It’s not too late to register. In addition to the CAQ panel, the Applying Enterprise Risk Management to ESG Related Risks conference will feature other ESG-related sessions. Registration for the two-day event is free.


Raise fraud awareness

Fraud Awareness Week (November 14 – 20). One of the key components to mitigating financial fraud risk is being aware of your surroundings in an organization and understanding the risks specific to your industry. Learn more about how to enhance your fraud awareness in two upcoming events:

  • Mitigating the risk of fraud. In this IIA-members only webinar on November 16th from 3:30 PM – 4:30 PM ET, subject matter experts will offer observations on common types of financial reporting fraud schemes and industry specific risks, discuss examples of effective anti-fraud controls and the use of technology, and highlight key fraud prevention themes such as culture and skepticism. Register for this exclusive webinar, Mitigating the Risk of Fraud: Insights and Lessons Learned From SEC Enforcement Actions, here.
  • Share your anti-fraud story. Join the AFC on social media during International Fraud Awareness Week by sharing content using the hashtag #FraudWeek. Like and share your favorite #FraudWeek posts by the AFC. Don’t forget to follow the AFC on LinkedIn and Twitter.

Stay up-to-date with our latest resources.

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