New Site Aims to Combat Financial Fraud

Four accounting, auditing and financial organizations have teamed up to launch a new anti-fraud Web site with tools to help deter and detect financial reporting fraud.

The Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors, and the National Association of Corporate Directors, which have joined together in a group known as the Anti-Fraud Collaboration, have launched the new site, www.AntiFraudCollaboration.org, to provide resources to help audit committees, financial executives, internal auditors and external auditors deter and detect financial reporting fraud. The new site allows visitors access to fraud resources targeted to the roles and responsibilities of audit committee members, financial company management, and internal and external auditors.

The four organizations originally created the Anti-Fraud Collaboration in 2010. “The new Web site is an important step in the evolution of the Anti-Fraud Collaboration,” said CAQ executive director Cindy Fornelli in a statement. “As the Collaboration and other groups continue to develop important resources in the battle against financial reporting fraud, the partners felt it was critical to direct corporate governance stakeholders to a single website to access those materials.”

Resources featured on the site include Deterring and Detecting Financial Reporting Fraud, the CAQ’s 2010 report that led to the establishment of the Collaboration; the Skepticism Webinar Series developed by the NACD; and FEI’s Fraud Literacy Quiz. The site also includes fraud deterrence and detection resources developed outside of the Anti-Fraud Collaboration, including tools and articles from the IIA, FEI and NACD. The new site also offers resources for educators.

Visitors to www.AntiFraudCollaboration.org can access all of the materials free of charge.

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