Evaluation of the system to curb corporate fraud in Brazil

Abstract

This study investigated the effectiveness of the internal control system (ICS) in curbing corporate fraud. With the support of a survey responded by 156 professionals of audit one was able to have national reach. Among the main results, we found that the activities related to ICS have played efficiently the functions to combat corporate fraud. Considering the three branches of the Tree of fraud, it was found that ‘corruption and misappropriation of assets’ are frauds combated more effectively by the complaints channel, internal controls and compliance; fraud in ‘financial statements’, usually linked to higher echelon, are perceived more accurately by the external auditors.

Keywords

• sistema de controles internos (sci). fraudes corporativas. comitê de auditoria. compliance. canal de denúncias.