Regulatory Alerts2025-11-20
On the way to a better fraud risk analysis
The Dutch Authority for the Financial Markets (AFM) issued this report following an investigation into six OOB accounting firms and twelve statutory audits to assess improvements in fraud risk analysis quality. The AFM acknowledges progress in implementing quality management measures, such as enhanced training and fraud expert deployment, but identifies critical gaps in root cause analysis and the monitoring of measure effectiveness. The regulator urges firms to deepen their analysis of behavioral and cultural factors and to implement robust evaluation mechanisms to ensure sustainable quality improvements by 2026.
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