Why Don't Auditors Find More Fraud?
Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.5
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?"
Format: Audio
Your Instructor
Jason Mefford is a rock star in internal audit, risk management and compliance. He typically works with Chief Audit Executives (CAE), Audit Committee (AC) members, and professionals in audit, risk and compliance with the technical and soft-skills needed to navigate the land mines of organizations. He takes complicated, confusing & hard things, makes them practical, proactive & simple to improve learning and transformation.
He's been a Chief Audit Executive, Chief Risk Officer, Chief Ethics and Compliance Officer, Chief Information Security Officer, Board Member, and has trained and consulted organizations all over the world. He is a thought leader in all things governance, risk and compliance (GRC) and internal audit, and is the recipient of multiple awards including:
- Rising Star in Corporate Governance from Yale University
- Rising Star in Corporate Governance Award (Finalist) from Corporate Secretary Magazine
- Thought Leader of the Year (Finalist) from The National Association of Experts, Writers & Speakers
- Fellow from the Open Compliance & Ethics Group (OCEG) Think Tank
You can learn more about him at: https://www.jasonmefford.com and join him in the Audit Leader Forum™ at: https://bit.ly/AuditLeader