Fraud and Internal Audit: Assurance Over Fraud Controls Fundamental to Success, April 2019
Fraud is not unique to any organization type and no organization is immune. Since the opportunity to commit fraud exists everywhere, it is important for organizations to effectively leverage various resources to develop strong anti-fraud programs. This position papers outlines when and where internal audit’s skill sets can most effectively be used and at what point other resources should be tapped. It also provides key takeaways regarding internal control procedures, prevention and response planning, risk exposure assessment, and fraud investigation, as well as five questions all organizations should pose to strengthen their program.