Due to recent legislative and regulatory changes, the audit committee's role in detecting and preventing fraud is now more defined. Audit committee members now have oversight responsibilities for management's efforts to create a strong control environment, including the design and implementation of antifraud programs and controls.

This document focuses on the audit committee's role in the oversight of antifraud programs and activities that can reduce the likelihood of fraud. To assist audit committee members with their new responsibilities, find the complete special edition of the Audit Committee Brief attached below. You can also visit our current issue of Audit Committee Brief.