The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Should auditors be held liable if they miss fraud? – 1 June 2018
A leading global fraud study from the Association of Certified Fraud Examiners (ACFE) reveals that as a means of detecting fraud, external audit only features in 3 per cent of detected fraud cases. AIPI member: Roger Darvall-Stevens explains that the top three methods by which fraud is detected are tip-off, internal audit, and management review.
https://www.intheblack.com/articles/2018/06/01/auditors-liable-failure-detecting-fraud
ANZ facing criminal cartel charges by the Commonwealth Director of Public Prosecutions – 1 June 2018
ANZ is facing criminal charges by the Commonwealth Director of Public Prosecutions over alleged cartel conduct related to a $2.5 billion share placement in 2015.
VOFF alleges that ASIC gave criminal an AFSL – 31 May 2018
Victims of Financial Fraud (VOFF) has added to its litany of accusations against the Australian Securities and Investments Commission (ASIC), alleging that the regulator failed to acknowledge that it allowed known criminals into the financial system regarding the Trio Capital fraud.
https://www.moneymanagement.com.au/news/financial-planning/voff-alleges-asic-gave-criminal-afsl
The risk from within: employee fraud and theft – 31 May 2018
With high profile news stories about data theft and cyber-attacks, business are now more focused on managing risks from these external sources as opposed to risks from within the business. The good news is there are a number of simple steps a business can take to reduce the risk of loss from employee fraud and theft.
