The proliferation of technology has presented unprecedented opportunities for fraud—the means, motivation and opportunity are facilitated by the increasing and evolving use of technology. In the rapidly evolving technological landscape, detection becomes harder. As businesses embrace digitization to better serve their customers, there is an emergence of new threats. Technology may be one of the greatest enablers of fraud but also, paradoxically, one of the greatest defenses.

There is a call for auditors to do more in relation to fraud as part of their audit procedures. The IAASB is digging deeper into fraud and technology’s impact thereon, including:

  • How technology can facilitate the perpetration of fraud;
  • How technology is used in financial statement audits to help the auditor in relation to their obligations regarding fraud; and
  • How technology is used in forensic audits, and whether there are any aspects of this that may be helpful for the purpose of a financial statement audit.

The IAASB invites you to tune into a roundtable discussion addressing fraud in the digital age on September 2 at 7:00 am EDT live streaming on YouTube. The roundtable discussion is the first in a series of three planned virtual roundtables to explore issues and challenges related to fraud through discussions with experts and leaders. These discussions will help the IAASB determine an appropriate response to the significant questions raised globally regarding the role of auditors in relation to fraud.

Moderated by IAASB Deputy Chair Fiona Campbell, the September 2 roundtable will address, among other topics:

  • New vulnerabilities and fraud risks auditors should consider
  • New and emerging technology used to detect fraud
  • Current trends in how frauds are perpetrated using technology
  • Challenges presented by technology in relation to fraud

Participants include forensic auditors, financial statement auditors, fraud audit methodology experts, third party audit solution companies, regulators, academics, public sector representatives, and others with a strong background in this topic from across the globe.

We hope you are able to tune in on YouTube. We will also post the full session online following the event—follow us on Twitter and YouTube or register/subscribe for updates and announcements. 

Roundtable Agenda
September 2, 2020, 7:00 am EDT–10:00 am EDT
IAASB YouTube 

7:00 am

IAASB Introduction and Welcome
Moderator: Fiona Campbell

7:05 am

Keynote presentation from the Fraud Advisory Panel

7:25 am

Panel Discussion
Moderator: Fiona Campbell
Panelists

  • Sandy Herrygers, Global Assurance Leader, Deloitte
  • Steph Ronander, Chair of IRBA Fraud Task Group – South African Staff Audit Practice Alert on Fraud Considerations
  • Paul Pu, Head of Forensic, KPMG in China
  • Eli Fathi, CEO, Mindbridge Ai

8:00 am

Breakout discussion among participants
Please note these breakout sessions will not be live streamed. Breakout sessions will be recorded and posted online at a later date.

9:05 am

Debrief & Report back from Breakout Sessions

9:25 am

Open Participant Discussion

9:55 am

Closing Remarks

Save the dates for related upcoming roundtables.

September 28, 2020
7:00-10:00 am EDT

Exploring the “Expectation Gap” Related to Fraud and Going Concern in the Current Environment, and Feedback on the New and Revised Auditor Reporting Standards

October 7, 2020
7:00-10:00 am EDT

Unique Aspects of Fraud in Audits of Less Complex Entities

Angela Donnelly

IAASB Staff Fellow

Angela Donnelly is a Staff Fellow at the IAASB. Prior to that, she was a director in PwC’s National Quality Organization and provided advice on technical accounting issues, including lease accounting, derivative and hedge accounting, and financing transactions. Up until then, she managed and performed financial statement audits, primarily serving Banking and Capital Markets clients.

Megan Hartman

Megan Hartman is a principal on the Communications team. She joined the team in 2011 after working with a number of international organizations, primarily in the not-for-profit sector. Megan holds a master’s in integrated marketing communications from Northwestern University as well as a bachelor’s from George Washington University.