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Upcoming IAASB Virtual Roundtable: Fraud in the Digital Age

Impact of Technology Advancements on Fraud Perpetration and Detection

Aug 28, 2020 | New York, New York | English

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 part of the IAASB’s new roundtable series 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.

The proliferation of technology presents 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 facilitates 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.

Moderated by IAASB Deputy Chair Fiona Campbell, this first roundtable session in a series of three will cover:

  • 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 in the roundtable discussions 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.

The full session will be posted 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

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

  • 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 the 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