Fraud resource center launched, free corporate governance training program available. (news update).Since Oct. 2002, the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). has been delivering to members and others in the financial community guidance, tools and resources to combat fraud and rebuild trust in the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. profession. The most recent additions to the list are the Antifraud and Corporate Responsibility Resource Center and a free one-hour corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. training program. Web-Based Resource Center A new online resource devoted to the prevention, detection and investigation of fraud, the Antifraud and Corporate Responsibility Resource Center (www.aicpa.org/antifraud) is replete re·plete adj. 1. Abundantly supplied; abounding: a stream replete with trout; an apartment replete with Empire furniture. 2. Filled to satiation; gorged. 3. with technical literature, educational materials, training and news on recent developments, as well as links to supporting products and services that can be ordered through CPA2Biz.com. Four sections comprise the resource center: * Fraud as It Relates to You provides critical guidance from your perspective, whether as a member in industry, an auditor, or a consultant. The tools presented help guide you in furthering your skills in this very important area. * Fraud by Topic details what members specifically need to know in preventing, detecting and investigating fraud. It helps CPAs identify fraud risk factors and understand the working of complex fraud schemes. Material is also devoted to promoting a company-wide culture of honesty that starts from the top. * The Spotlight Area features transcripts and downloadable videos of speeches by AICPA leaders, in addition to tools like the Fraud Prevention, Detection and Investigation Competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like. 2. Model. * Press Releases and News keeps CPAs up to date on developments in the fraud arena, including key announcements by the AICPA. The resource center contains information from a variety of sources and will be updated continuously. Free Fraud Training for Management In an effort to help the U.S. business community provide fraud prevention training to personnel at all levels, the AICPA and the Association of Certified Fraud Examiners Established in 1988 the Association of Certified Fraud Examiners is the professional organization that governs professional fraud examiners. Its activities include producing fraud information, tools and training. have developed a one-hour training program on CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: How Fraud Hurts You and Your Organization (No. 056513HSCPA01). The CD takes the user through the definition of fraud, examples of fraudulent activity, real-life case studies, the three elements of the "fraud triangle," warning signs, and the people who are responsible for preventing fraud. It also includes a 13-minute video featuring interviews with three people convicted of fraud. More information on the training program is available in this issue's supplements for members in business and industry and internal audit. How Fraud Hurts You and Your Organization is available free of charge. View the program from www.aicpa.org/ antifraud. Or, order the CD from the CPA2Biz Customer Service Center ($8 shipping & handling fee applies; see page 7 for order instructions). Other Initiatives to Come Among other soon-to-come antifraud initiatives announced by AICPA President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Barry C. Melancon in Sept. are a fraud summit and an Institute for Fraud Studies that is being developed with the Association of Certified Fraud Examiners and the University of Texas. The Institute will study the how, when and why of fraud. |
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