The Inside Story - The Changing Role of Internal Audit in Dealing with Financial Fraud.

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The Inside Story - The Changing Role of Internal Audit in Dealing with Financial Fraud.

Introduction

The economic downturn of the last two years has brought a number of high profile frauds to the surface and in doing so has created a heightened awareness of fraud risk. This has focussed the minds of senior executives on how their businesses might be vulnerable to fraud and whether or not they are sufficiently protected.

As the mandate and role of Internal Audit continues to evolve and grow, management are increasingly depending on Internal Audit functions to monitor, detect and investigate incidences of fraud as and when they arise.

Has the recent recession had an impact on organisations' approach to fraud risk management? Do management increasingly expect that Internal Audit have a wider role to play in this area? Are today's Internal Auditors suitably equipped to re...

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