Internal Audit’s To-Do List for Fighting Fraud
An internal auditing function is the existence of the discrepancy between legal property and the factual use of the property by management.
Internal audit should operate as an “independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.”
“Steady Improvement” in the Effectiveness of Internal Audit for Combating Fraud
Table 1
Weaknesses of Internal auditing as an Anti-Fraud-Control vs To-Do’s for Internal Auditors as Anti-Fraud-Control
Table 2