New York ( Nov. 20, 2002) -- Seven professional associations, including the American Institute of CPAs, unveiled a new set of recommendations Tuesday to combat corporate fraud and strengthen internal controls.The new recommendations are contained in a paper, Management Anti-fraud Programs and Controls: Guidance to Help Prevent, Deter, and Detect Fraud.
Aside from the AICPA, the other sponsoring organizations are the Association of Certified Fraud Examiners, Financial Executives International, Information Systems Audit and Control Association, Institute of Internal Auditors, Institute of Management Accountants, and the Society for Human Resource Management. Other organizations that participated in reviewing and offering advice include American Accounting Association, Defense Industry Initiative, and the National Association of Corporate Directors.
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