What can be done to detect and prevent fraud within your company before it's too late? Regulator scrutiny continues to increase. The number of SEC investigations, Department of Justice investigations and securities litigation cases remain well above historical averages. Antifraud programs and controls are now required under Sarbanes-Oxley. These compliance programs will be evaluated annually. This collection of white papers and articles will help arm you to detect and prevent fraud.
Antifraud White Paper: The Emerging Role of Internal Audit in Mitigating Fraud and Reputation Risks
Significant legal, regulatory and standards-setting actions are combining to pressure all players in the financial-reporting process to step up their efforts to combat corporate fraud and misconduct.
Integrity Driven Performance: A New Strategy for Success—Part 1
In this first article in a series, Daniel A. DiFilippo and Carlo di Florio of PricewaterhouseCoopers' Governance, Risk and Compliance practice provide an overview of a new strategy for achieving success through integrated governance, risk and compliance management.
The Global Economy: What the CEOs Say
While CEOs today tend to be optimistic, what risks do they perceive in the environment and within their companies? How deeply is formal enterprise risk management embedded in their organizations? Are there CEOs and companies today that demonstrate exceptional skill in enterprise risk management (ERM)? As this article begins to answer those questions, it also provides an overview of today's global economy and how CEOs worldwide view ERM.
Key Elements of Antifraud Programs and Controls: A White Paper
Companies subject to Sarbanes-Oxley must now implement "antifraud programs and controls" that are evaluated annually during the integrated audit. This white paper provides a better understanding of the implications of the new requirements so that companies can be more proactive about preventing and detecting fraud on a timely basis.
Consumer Finance Update—Winter 2004
This newsletter, formerly known as the Mortgage Banking Update, provides new business and financial reporting developments, industry best practices, regulatory updates and other insights into key issues in the consumer finance industry.
2003 Global Economic Crime Survey
The PricewaterhouseCoopers global economic crime survey 2003 is one of the most comprehensive assessments of the effect of economic crime on business ever undertaken. This extensive survey is intended to help companies to understand the significant impact that economic crimes can have on their business and to assess the risks that they may face - as well as the means to minimize them - wherever they may operate in the world.
Data Mining—"The DNA of a Forensic Accountant"
Data Mining can be used as an efficient mechanism to both detect and deter fraud.
Financial Fraud—Understanding the Root Causes
The risk of fraud is equally high at every level and in every marketplace. Sophisticated, well-developed and closely regulated markets, as well as corporate headquarters, are equally susceptible to corporate fraud as less developed and unregulated markets. The key for companies is to update and globalize their risk management paradigms by viewing business activities through a lens, which focuses on all personnel—from the mailroom to the boardroom—and to focus on the root causes of financial fraud.
Fighting Fraud in Troubled Times
Companies seeking to buttress investor confidence are working to improve corporate governance. Effective fraud-mitigation efforts will be critical for ensuring their success.
Good Fraud? What Sounds Like an Oxymoron Can Be Music to an Acquirer's Ears
Is there such a thing in the M&A world as good fraud? In a word, yes! Put simply, good frauds create opportunities to buy undervalued companies and cut costs. Bad frauds, in contrast, dilute the value of the deal. Distinguishing between the two is not very difficult, once the consequences are clear.
