Why Don't Auditors Find More Fraud?
Simple Steps Auditors Can Take To Uncover More Fraud. CPE 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?"
Delivery Method: Self Study
CPE Hours: 1.5
Jason Mefford is a Rock Star in Internal Audit, Risk Management and Compliance. He helps executives and professionals take complicated, confusing & hard things, and make them practical, proactive & simple. Academic & soft-skills needed to navigate the technical & political aspects of organizations and work smarter. He does this as a professional speaker, trainer, executive coach, facilitator and podcast host.
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