Technological advancements have caused an increase in the number of opportunities to commit fraud, as well as created innovative new ways to perpetrate and hide it. As a result, there has been an uptick in reported incidents over the last two years and audit committees are facing considerable challenges when dealing with the increase in these incidents.
PwC has just released an issue of their Audit Committee Excellence Series titled Achieving excellence: The audit committee’s role in deterring fraud, providing key considerations that can help audit committees leverage their expertise in this area. Click here to read the full report.