Speaker: Sandra Damijan
Key address (30 min): Emerging fraud category in times of crisis
Panel discussion (1h 30 min): Managing and responding: who sits at the anti-fraud table?
This workshop seeks to point out the emerging characteristics of frauds associated with post pandemic period, and it summarizes the general influence of digitalization of work on contemporary frauds. However, it focuses on new fraud category, non-financial statement reporting. The emergence and spread of Covid has touched every facet of society, and the scale of the humanitarian crisis has been matched by widespread economic disruption. Companies that had been riding for years of reasonable economic expansion had to throw out existing strategies, rapidly adapt their business models, and take all necessary measures to survive the downturn. Sustainability remained at the top of the agenda both at the corporate world and investors. Covid-19 has been a real stress test for sustainability. We see vast increase of government policies, investors activism, growth, and sustainable investing. ESG-related measures have gone from a fringe specialty to a core necessity. But with companies under pressure to report positive progress toward ESG goals, the risk of non-financial reporting fraud has increased to deceive and attract investors, funders, or other stakeholders.
