What is the CAQ’s anti-fraud initiative?
The CAQ has held a series of roundtable discussions, hosted by CAQ Governing Board Co-Vice Chair Michele Hooper and Executive Director Cindy Fornelli, on the topic of fraudulent financial reporting. The series brought together a wide variety of perspectives with the goal of identifying best practices in the detection and deterrence of financial statement fraud. Discussion participants throughout the series of events, held in the United States and the United Kingdom, represented a wide range of market stakeholders with a role or interest in deterrence and detection of fraud. Participants included company executives (CEOs, CFOs, CAOs and generals counsel), audit committee chairs and members, internal auditors, current and former senior regulatory officials, investors and analysts, external audit partners, forensic auditors, former fraudsters, law enforcement, academics, and members of the financial media. Key themes were sounded by participants at all five venues, including: • The right
