The ACFE reports that about 42% of frauds are uncovered from tips to a whistleblower hotline, while internal audit only uncovers about 16% of frauds and external audit only 4%. While detecting fraud is not internal audit's primary purpose, one is still left to wonder why auditors don't find more fraud, especially since one of the first questions from management is "why didn't audit find this?" In this course we discuss solutions to increase the fraud awareness of the audit profession with practical applications to do so
In this course we discuss how the noble audit profession can identify more fraud during the audit cycle. Currently, the ACFE estimates that internal audit only finds fraud 16% of the time while external audit only finds it 4% of the time. This course covers techniques audit can use to uncover more fraud and how to increase the effectiveness in discovering fraud patterns.
Delivery Method: Self-Study
Haddon Fields is the Special Investigations Trainer with The PsyFIN Group which focuses on training auditors, investigators, detectives, and protective personnel in innovative means of investigation, privacy, OSINT and investigative leadership. He has several industry credentials and has nearly fifteen years of field investigative experience in fraud and financial crimes. Having worked both public and private sectors, Haddon has spent most of his investigative career involved in major case investigations involving fraud and financial crimes. He has graduate level education and advanced degrees in the security and investigations field with a specialization focus on the applications of linguistics, geography and intelligence collection to the interviewing and investigation process.