The Corporate Governance Opportunity: Evidence For The Value of an Anti-Fraud Program

A new study evaluates data in support of anti-fraud meausres that can be taken by management, boards of directors and investors. The study, by BDO Consulting, The Value and Effectiveness of Corporate Anti-Fraud Programs covers numerous dimensions of corporate fraud, including fraud prevention and early detection, as well as the economic value driven by a comprehensive anti-fraud program.

The study examines the opinions of partners and other senior executives at 100 private equity firms throughout the United States. Participants were asked for their opinions regarding the seriousness of corporate fraud among U.S. companies, the risk of fraud in their investments, how important anti-fraud measures are to them and which measures they consider the most effective in preventing fraud.

The findings and corresponding interpretation are supported by BDO Consulting's experience as investigators - that a comprehensive anti-fraud program can significantly improve an organization’s ability to reduce fraud and attract human capital. Further results of the study were reported in a recently published article by Glenn M. Pomerantz and Timothy L. Mohr, “Opportunity in a Downturn: The Value of an Anti-Fraud Program,” published in The Corporate Governance Advisor.

Download the BDO Consulting Study.