Identifying and assessing the risks of material misstatement due to fraud are among the most challenging aspects of auditing in recent years, according to outreach conducted by the AICPA Auditing ...

The Enterprise Fraud Risk Assessment (Practice Note) has been developed by the Government Counter Fraud Profession (GCFP) Centre of Learning, operating out of the Public Sector Fraud Authority. It was ...

The UK Government’s introduction of the "Failure to Prevent Fraud" offence under the Economic Crime and Corporate Transparency Act 2023 marks a significant milestone in the fight against corporate ...

THE ASB ISSUED AN EXPOSURE DRAFT designed to expand audit procedures to address material financial statement fraud. Comments on the proposed changes are due by May 31, 2002. THE ED EMPHASIZES ...

Fraud is never a good thing, particularly when it goes undetected. But once identified, it can provide an opportunity to improve controls, lower costs and make organizational changes. Across the board ...

The Committee of Sponsoring Organizations of the Treadway Commission, in collaboration with the Association of Certified Fraud Examiners, have introduced the COSO Fraud Risk Management Certificate ...

In 2023, traditional identity fraud cost banks, credit unions and financial institutions $23 billion, an increase of 13% from the year prior. New account fraud and account takeover fraud accounted for ...

Cotality's Q3 2025 report reveals an 8.2% increase in mortgage fraud risk, with undisclosed real estate debt as a key factor. Fraud indicators like income and identity theft also rose, while property ...

The Federal Reserve is racing to contain a new kind of systemic risk, one that does not start with bad loans or exotic derivatives but with cloned voices and synthetic faces. After OpenAI leaders ...