Jamming with Jason: 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?"
Jason Mefford is a rock star in internal audit, risk management and compliance. He typically works with Chief Audit Executives (CAE) 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 an executive in charge of internal audit, risk management, ethics, compliance, and information security.