Times are changing fast. Just dealing with financial fraud issues when they arise is no longer an acceptable way of managing this critical risk. A number of recent legislative changes and proposed guidance for corporates have given unprecedented prominence to the critical nature of internal and external fraud risks and the need for organisations to have appropriate risk management systems in place to manage these specific vulnerabilities.

It will therefore be increasingly important for senior management teams to operate in the knowledge that they have reviewed their fraud and white-collar crime risk management strategies and methodologies to ensure that these are appropriate. In due course, it is highly likely that they will need to ensure, from a UK perspective at least, that their approaches would withstand outside regulatory scrutiny. Any institution subject to the requirements of Sarbanes-Oxley will already need to be addressing such issues whether as a US listed company or as a "foreign-based issuer."

For more information, download our Financial fraud risk management brochure. (PDF)