Friday, May 18, 2012

The Role of the Auditor And Fraud Risk Management

While the direct responsibility of uncovering incidents of fraud has never been directly delegated to auditors, somehow it seems this duty has become expected of them by those higher up. They seem to be under the impression that auditors should automatically fill the position of an internal compliance program. As a result, people immediately begin to wonder why these facts were not discovered by the auditors first, whenever such activity is found out through some other means.

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