More antifraud resources: tools--some free--to help CPAs and their clients fight fraud.

• Position: Certified public accountants

The AICPA's Antifraud and Corporate Responsibility Program introduced two new resources to help CPAs and corporate America fight fraud. The first is a one-hour training program designed to help the U.S. business community provide corporate fraud prevention training to all personnel. Created by the Institute with the Association of Certified Fraud Examiners (ACFE), the new program, How Fraud Hurts You and Your Organization, is available free-of-charge on CD-ROM or downloadable from the Internet. It is designed to provide valuable insight to a range of audiences, from consultants to corporate financial managers, senior executives, and boards of directors.

The course can be downloaded from www.aicpa.org/antifraud. AICPA members also can order the CD-Rom by calling 888-777-7077 and requesting Product Number 056513HS (an $8 shipping and handling fee applies).

Antifraud center

Also up and running is the new Antifraud and Corporate Responsibility Resource Center devoted to the prevention, detection and investigation of fraud. The Center features technical literature, educational materials, training, and news on recent developments, as well as links to supporting products and services that can be ordered through CPA2Biz.com. Visit the new Center at www.aicpa.org/antifraud to explore its many sections, information, and tools.

Antifraud programs and controls

The cornerstone of the Anti-fraud and Corporate Responsibility Program is the new audit standard, Statement on Auditing Standards (SAS) No. 99: Consideration of Fraud in a Financial Statement Audit (AICPA, Professional Standards, vol. 1, AU sec. 316), approved by the AICPA's Auditing Standards Board in October 2002. Although the new standard has the same name as its predecessor, it is clearly more far-reaching than SAS No. 82, Consideration of Fraud in a Financial Statement Audit (AICPA, Professional Standards, vol. 1, AU secs. 110, 230, 312, and 316). SAS No. 99 gives U. S. auditors expanded guidance for detecting material fraud and will result in a substantial change in auditor performance.

Key provisions focus on four areas of...