The internal audit fraud challenge
Prevention, protection, detection
Economic uncertainty and changes to the regulatory landscape in the past two years have continued to push fraud risk to the forefront of company agendas.
Since our last Internal Audit Fraud Survey in 2010, the mandate and role of Internal Audit functions have continued to evolve, in respect of both fraud risk management and investigation responsibility. Management are still dependent on Internal Audit to provide them with assurance over the anti-fraud controls in place across their businesses, together with the ability to detect and investigate fraud, should it occur.