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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.