Fri, Oct 23, 2020
Kroll, a division of Duff & Phelps, recently collaborated with the UK Institute of Internal Auditors (IIA) for a webcast to discuss the findings of a global survey conducted in partnership with The Internal Audit Foundation (IAF) on 'The Role of Internal Audit in Fraud Risk Management’, you can view the webcast below.
The focus has shifted from not only the internal control structures but also other parties, including the external auditors who have come under much more scrutiny in recent years. There are numerous ongoing audit negligence cases where questions are being raised as to why the external auditor wasn’t able to identify such a massive fraud that posed an existential risk to the business. Increasingly, we're also seeing internal auditors come under the spotlight a little bit more, and that was the trigger for doing the survey.
Read the full report here.
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Helping companies and governments mitigate and detect fraud and corruption risk.
by Arturo del Castillo, Maria Alejandra Vahos
by Emanuel Batista, Chris DeSa, Patricia Marinho