Auditors and Fraud. Presentation for UNCC January 2010 By: Steve Katzman, CIA, CISA, CISSP Sheri Brillhart, CIA. Agenda. Introductions Overview The Institute of Internal Auditors (IIA) Fraud Investigator Internal Auditor IA and the Fraud Investigator Fraud Prevention & Detection
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Presentation for UNCC
By: Steve Katzman, CIA, CISA, CISSP
Sheri Brillhart, CIA
“Fraud is any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain”
A quote from “Managing the Business Risk of Fraud: A practical guide”, sponsored by the Institute of Internal Auditors (IIA), the American Institute of Certified Public Accountants (AICPA), and the Association of Certified Fraud Examiners (ACFE)
Pressure / Incentive
Skill sets and expertise that each may bring to an investigation:
Source: Preventing Fraud: Assessing the Fraud Risk Management Capabilities of Today’s Largest Organizations by Protiviti
Conducting timely and appropriate discussions about fraud with all levels of the organization, including the audit committee, demonstrates the proactive role the internal audit activity is taking in this area. Some of questions that internal auditors may ask about fraud on a regular basis include:
It is expected that every manager and employee will:
tolerating dishonest or unethical behavior in others.
such behavior in subordinates.
BEFORE APPROVING INVOICES FROM VENDORS AND CONTRACTORS
“Good Questions to Ask!”
Managers are encouraged to answer these basic questions before approving invoices and other payment documents: