Wed, Jul 29, 2020
In this report, Kroll, the Institute of Internal Auditors (IIA) and the Internal Audit Foundation identify that greater empowerment of and increased investment in internal audit can have a significant impact on the effectiveness of fraud risk management programs.
Key highlights include:
The report, based on a survey of over 700 internal audit professionals across the globe and across industries, reveals that the vast majority (80%) of internal auditors are facing barriers to being involved in managing fraud risk, despite almost two thirds (62%) saying they had seen an increase in fraud incidents over the past five years.
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Helping companies, international development agencies and governments investigate fraud and corruption.
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