http://www.theiia.org/intAuditor/feature-articles/2007/april/the-fraud-disconnect/ Blogen-us Wed, 01 Aug 2012 09:42:03 AMWed, 01 Aug 2012 09:42:03 AM http://www.theiia.org/intAuditor/feature-articles/2007/april/the-fraud-disconnect/2010-12-20The much that internal auditors can do is make recommendations aimed at strengthening the internal control environment. A heightened internal control set-up, coupled with prudent risk management and best governance practices would substantially limit the organisation’s exposure to fraud. With every incident of fraud, internal audit’s recommendations, ideally, should reinforce the control environment such that recurrence of similar type occurrences is prevented or promptly detected and arrested. One may thus infer that the chances of fraud being perpetrated diminish with every occurrence. We however do not operate in an ideal environment; fraudsters will always have new tricks up their sleeves. Both management and internal audit should at all times strive to be a step ahead of the fraudsters. In my view, management bears the greater responsibility in managing this risk known as fraud.