Antifraud initiatives.

• Position: Brief Article

In his September 4, 2002 speech at the Yale Club in New York, AICPA President and CEO Barry Melancon announced antifraud initiatives. The initiatives help to establish a culture in which preventing and detecting fraud is everyone's business--the auditing community, corporate America, and the financial reporting community, including analysts and the stock exchanges. To assist its members in fulfilling their responsibilities to detect fraud, the AICPA has launched several initiatives including:

* Establishing an Institute for Fraud Studies, in conjunction with the University of Texas at Austin and the Association of Certified Fraud Examiners.

* Designing anti-fraud criteria and controls intended for public corporations.

* Offering a competency tool for...