Transforming corporate cultures by placing CFEs in top echelons

During an interview at the 30th Annual ACFE Global Fraud Conference, the Board of Regents opined on how to change corporate cultures, new corporate compliance guidance, ethics vs. profits and more.

The participants

(From left to right)

CFEs can trumpet the age-old “tone at the top” concept, but if top executives aren’t working to transform corporate cultures throughout organizations then fraud prevention and deterrence will continually run up against roadblocks. The members of the ACFE Board of Regents know this from their years of consulting with C-suite execs who want to tackle fraud but also have to wrestle with timid general counsels, fluctuating quarterly reports and concerned stakeholders.

The Board gathered at the beginning of the recent 30th Annual ACFE Global Fraud Conference to opine on the latest anti-fraud issues during a 90-minute Fraud Magazine interview. Here’s a fraction of their views on new corporate compliance guidance, placing CFEs in top management and on boards of directors, vetting unqualified investigators, growing anti-fraud cultures, ethics versus profits and more. (Comments have been edited for clarity and brevity.)

New guidance on corporate compliance