• Register
Return to: Home > News > Professional Bodies > Anti-Fraud Collaboration releases case study to explore root causes and impacts

Anti-Fraud Collaboration releases case study to explore root causes and impacts

The Anti-Fraud Collaboration has released a fictional case study on how global fraud situations unfold to help professionals tackle the issue.

The case study focuses on fictional global technology company LDC Cloud Systems, which contends with bribery allegation and poor accounting oversight. The study illustrated the increasing complexity of accounting practices which can leave a company vulnerable to fraud by exploring root causes and the impact of bribery and accounting abnormalities. It explored the actions of the management and board, with a timeline of decision making as problems unfold.

The Institute of Internal Auditors (IIA) president and CEO Richard Chambers said: “For internal audit, this case study provides powerful insight into the challenges even highly competent functions face when confronting complex risks that are compounded by deceptive actions within a company.”

The National Association of Corporate Directors (NACD) president and CEO Peter Gleason added that audit committees serve a critical role in ensuring the long-term value of their companies. “This case study serves as a valuable resource to help audit committees think through their roles in providing oversight of their companies' financial controls and communications."

The Anti-Fraud Collaboration is an organisation formed in October 2010 by the IIA, NACD, the Center for Audit Quality, and Financial Executives International, each representing different areas of the financial reporting supply chain.

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.