Anti-Fraud Collaboration Releases Fourth Case Study
With the latest installment of its series of case studies, the Anti-Fraud Collaboration is continuing to promote diligence in financial fraud deterrence and detection, reports the Center for Audit Quality (Oct. 10). The new case study features fictional company LDC Cloud Systems, whose corporate board must deal with a bribery allegation and accounting abnormalities. National Association of Corporate Directors President and CEO Peter Gleason states, "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." This latest hypothetical scenario is designed to give the reader a deeper appreciation of how fraud situations can unfold and be addressed, including the importance of strong board oversight. The case study explores the actions of executive management and board members in-depth, providing a timeline of decisions after problems have been uncovered within the company.
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