Due to the sheer number of industries and geographies that are being impacted by the COVID-19 pandemic, we anticipate heightened instances of financial reporting fraud. To prepare, Boards of Directors of companies and their Audit Committees should remain vigilant in detecting signs of the two types of accounting fraud and keep in mind the pressures that might influence senior management to engage in accounting fraud during an economic downturn.
FRA’s COVID-19 Resource Center
For more than 20 years, we have been proactively partnering with clients and their counsel to solve complex problems and manage risk in remote work environments. Find out how FRA can help you develop forward-looking solutions to manage risk, adapt and thrive in a remote economy.