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A Resource Guide to the U.S. Foreign Corrupt Practices Act

The Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) released A Resource Guide to the U.S. Foreign Corrupt Practices Act (the Guide).   The 120-page Guide provides a detailed analysis of the U.S. Foreign Corrupt Practices Act (FCPA) and closely examines the DOJ and SEC’s approach to FCPA enforcement.

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COSO Releases Fraudulent Financial Reporting: 1998-2007

COSO has released an interesting study that examines 347 alleged accounting fraud cases investigated by the U.S. Securities and Exchange Commission (SEC) over a ten-year period ending December 31, 2007.

The study provides an in-depth analysis of the nature, extent and characteristics of accounting frauds occurring throughout the ten years, and provides helpful insights regarding new and ongoing issues needing to be addressed.

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Fraud Indicators for Technical Assistance Programs

The Office of the Inspector General for USAID has released the Fraud Indicators Handbook, a useful reference manual for managers and supervisors of technical assistance programs in developing countries.

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Fraud Reporting Guidance for USAID Implementing Partners

The inspector general of USAID has issued a very useful two pager on fraud reporting requirements for contracts and grants.  With the emphasis on fraud detection nowadays, implementing partners and contractors are under greater scrutiny than ever before to ensure fraud is detected and reported. From the two-pager:

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UK Government Annual Fraud Reports, Cases and Tools

HM Treasury in the UK maintains an interesting webpage with links to "Annual Government Fraud Reports", "Anti-Fraud Guidance" and case studies of discovered fraud cases. In "Tackling Internal Fraud", a set of useful guidelines and model documents are provided. These include practical templates for an Anti-Fraud Policy and a Fraud Response Plan. The case-studies are particularly helpful in understanding fraud schemes, ranging from check and cash handling fraud to estates management fraud.

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