A new survey published by Kroll and the Institute of Internal Auditors (IIA) puts a spotlight on just how vital a role internal audit plays in the effectiveness of a company’s fraud risk management processes.
“The purpose of the survey was to try to understand what internal auditors’ views are regarding their own role at their own organizations in assessing fraud risk and preventing, detecting, and investigating fraud,” Jordan Strauss, a managing director in the Business Intelligence and Investigations practice at Kroll, said on a recent Webinar discussing the results. Due to current economic pressures, which traditionally leads to fraudulent behavior, “we should be expecting a pretty serious increase in pressure from all our organizations to demonstrate results while protecting revenue centers,” Strauss said.
