Antifraud Programs and Controls: A vital component of Corporate Governance
Deficiencies in antifraud programs and controls are serious. They could constitute significant material weaknesses in internal control over financial reporting. This may require public reporting and possibly result in adverse consequences. Yet U.S. Federal Organizational Sentencing Guidelines indicate that having proper ethics and compliance programs and effective internal controls in place can mitigate the ultimate punishment of an organization, should it be found guilty of committing a fraud in violation of federal and state laws.
Find out how Deloitte & Touche LLP and Deloitte Financial Advisory Services (FAS) LLP can help management design, improve and implement antifraud programs.