This session will open the eyes of Internal Auditors to look at fraud in a different manner. Most Audit Departments do consider fraud, but are they seeing beyond the tip of the iceberg.
The session will explore if we are living in An Era of Fraud. 47% of CFO’s say they could justify unethical behavior to help their organization survive the economic downturn. Nearly half of those survey stated they would be willing to cut ethical corners to meet performance targets, particularly in the last 4 years. Moreover, Technology, incentive pay, downsizing, reorganization and globalization have contributed to ignorance of fraud exposures and unethical behavior. Internal Auditors are the most ethical positions in a company but do they really know how to spot it in their in their Fraud Risk Assessments. This practical session will use current events in business to provide a practical understanding of Fraud Considerations in the execution of planning, fieldwork and reporting.
