Effective corporate governance can prevent and detect financial statement fraud (FSF). This study examines the roles and responsibilities of corporate gatekeepers in preventing and detecting FSF through the establishment, implementation and enforcement of proactive and effective antifraud policies and procedures. This survey of executive MBA (EMBA) students provides insights into the antifraud best practices of boards of directors, management, internal auditors, and external auditors. Results suggest that corporate culture should create an environment that sets an appropriate tone at the top, promotes ethical behavior, reinforces antifraud conduct, and shows that the company is "doing the right thing always".
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