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Responding to Fraud Risk: Exploring Where Internal Auditing Stands
Written By: Farah Araj, CIA, CPA, CFE, QIAL

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Responding to Fraud Risk: Exploring Where Internal Auditing Stands Recent high-profile cases of fraud have captured media attention and the scrutiny of regulators worldwide. When serious fraud occurs in an organization, the company’s reputation can be badly damaged, and there is usually a sudden realignment of stakeholder priorities. That’s when we hear the question, “Where were the internal auditors?”

Responding to Fraud Risk: Exploring Where Internal Auditing Stands offers a global analysis of the importance of fraud risk to internal audit and its stakeholders, the degree of responsibility internal audit has for fraud prevention and detection, and perceptions of internal audit capabilities in responding to fraud risk.

Internal auditors can use this report to educate stakeholders, define how internal audit can support an organization’s anti-fraud efforts, and build the capabilities of the internal audit team.

 

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