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Fraud Risk Management Strategies

Tools ​Logan Wamsley May 23, 2022

​Fraud Risk Management Strategies

Although fraud attempts by bad actors have often grown more sophisticated, there remain simple, proven ways internal auditors can be leveraged to not just respond to fraud incidents, but to proactively identify fraud risk at entity and process levels. This tool, taken from The IIA's Supplemental Guidance Practice Guide "Engagement Planning: Assessing Fraud Risk," is designed to supplement these strategies with a convenient, succinct process template that can be easily referenced in future assessments.

​Logan Wamsley

Associate Manager, Content Development, The IIA

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