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Fraud Prevention: Do You Have the Right Controls in Place? - Dbriefs Recap and Poll Results

Fraud prevention is at the top of the agenda for investment managers. With recent U.S. SEC activities, how can investment managers prioritize efforts to develop a strong culture of anti-fraud programs and controls?

During the Investment Management Dbriefs, "Fraud Prevention: Do You Have the Right Controls in Place?," held on April 29, 2014, Adam Weisman, partner, Deloitte Financial Advisory Services LLP, was joined by Rachel Berk, senior manager, Deloitte Financial Advisory Services LLP; John Kim, director, Deloitte Financial Advisory Services LLP; and John Marshall, director, Deloitte Transactions and Business Analytics LLP. The presenters discussed:

  • Recent SEC enforcement actions and priorities, including the focus on corporate disclosures and the type of information companies release to investors.
  • Whistleblower provisions of the Dodd-Frank Act post-implementation and implications for the future, including the possible scope and speed of SEC actions.
  • Regulator and investor concerns over potential fraud through valuation manipulation and establishing transparent methodologies to help mitigate this risk.

Watch the webcast replay to learn ways investment managers can bolster their anti-fraud programs.

Poll results

Attendees of the live webcast on April 29 responded to the following poll questions.

What type of organization do you work for?

What is your organization's biggest concern with regards to the increased focus of regulators on the investment management industry?

How would you evaluate the whistleblower policies and procedures in place at your organization?

What are some of the risks you face regarding valuation in your organization?

The statements in this report reflect our analysis of survey respondents’ responses and are not intended to reflect facts or opinions of any other entities.  All survey data, charts and statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participating organizations and their responses to the Deloitte survey.

This publication contains general information only and is based on the experience and research of Deloitte practitioners.  Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax or other professional advice or services.  This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business.  Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.  Deloitte, its affiliates, and related entities shall not be responsible for any loss sustained by any person who relies on this publication.

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