Management Override of Internal Control over Financial Reporting addressed.

• Position: Brief article

The AICPA Antifraud Programs and Controls Task Force issued a document entitled Management Override of Internal Controls: The Achilles' Heel of Fraud Prevention--The Audit Committee and Oversight of Financial Reporting. The document offers assistance to audit committees in addressing the risk of fraud through management override of internal control over financial reporting.

On Jan. 31, a number of the document's authors will assemble to discuss its significance and guidance pertaining to audit committees. Sponsored by KPMG and Directors&Boards, this briefing is targeted toward members of boards of directors, audit committee members, internal audit personnel and general...