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Practice Guide: Internal Audit and Fraud, 2nd Edition

Recommended The IIA May 26, 2022

Every internal and external organizational stakeholder has a role to play in mitigating the risk of fraud. The impact of fraud can include loss of assets, reduced efficiency, noncompliance with laws and regulations, and diminished reputation. Internal auditors are a vital element in an organization's approach to addressing fraud risk management.

This second edition practice guide supersedes the practice guide, "Internal Auditing and Fraud," originally issued in 2009.

Take a Deeper Dive

Register for the webinar, Internal Audit and Fraud, on Wednesday, July 27, 2:00–3:00 pm ET, where we'll discuss how internal auditors can assist management by determining whether the organization has adequate internal controls, fosters an adequate control environment, and share personal experiences in auditing security fraud management.

For more on the subject of fraud and internal audit's role, please visit the Anti-Fraud Collaboration.

The IIA

The Institute of Internal Auditors