The ACFE reports that about 40% of frauds are uncovered from tips to a whistleblower hotline, while internal audit only uncovers about 15% of frauds. While detecting fraud is not internal audit’s primary purpose, one is still left to wonder why internal audit doesn’t find more fraud, especially since one of the first questions from management is “why didn’t audit find this?”
Jason Mefford is joined by Aaron Denbo to discuss how internal audit can change a few simple things to help increase their ability to find and detect fraud. This is a previous recording of a webinar Aaron did with Jason for cRisk Academy.
To see a list of upcoming free cRisk Academy webinars, visit: https://www.bigmarker.com/communities/crisk-academy/conferences
To go into more depth on today’s topic, and not get blamed for fraud you didn’t find, visit: bravenacademy.com