Fraud and the Role of the Audit Committee

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

This document focuses on the audit committees role in the oversight of antifraud programs and activities that can reduce the likelihood of fraud. To assist audit committees members with their new responsibilities.