New guidelines on detecting, preventing fraud released.

New guidelines for fighting fraud have been released jointly by the AICPA. The Institute for Internal Auditors and the Association of Certified Fraud Examiners. Managing the Business Risk of Fraud: A Practical Guide outlines the five key principles for establishing effective fraud risk management, regardless of the type or size of an organization: governance, risk assessment, fraud prevention and detection, investigation and corrective action. The...