Fraud: Internal Audit's Role in Prevention and Detection (Training Deck)
A beginner-friendly 21-slide training module: why fraud happens, red flags, the fraud triangle, defences and what auditors must do.
Guides · editable PowerPoint · 21 slides · ₹49 / $0.49 · lifetime access, up to 5 downloads
Train your team, or yourself, on internal audit's role in fraud. The module covers the cost of fraud, types of integrity risk, behavioural red flags and common embezzlement schemes, the fraud triangle with a payroll case example, why fraud is hard to find, three layers of defence, a four-step risk-based approach to fraud auditing, what the Standards expect of internal auditors, and how to build an anti-fraud programme. It ends with computer-enabled fraud, four case patterns, what to do (and not do) if you suspect fraud, a knowledge check and a summary. Editable PowerPoint, 21 slides.
What's inside
- Objectives: By the end of this module you will be able to
- Before we start: Key terms used in this module
- The cost: Fraud is expensive and widespread
- Types: Integrity risks — who benefits?
- Warning signs: Behavioural red flags
- Schemes: Common embezzlement schemes
- Why people commit fraud: The fraud triangle
- Applying the triangle: Case example — the payroll supervisor
- The challenge: Why fraud is hard for auditors to find
- Defence in depth: Three layers of defence against fraud
- Internal audit's approach: Risk-based fraud auditing — four steps
- Responsibilities: What the Standards expect of internal auditors
- Prevent · detect · deter: Three complementary aims
- Recommendations: Building an effective anti-fraud programme
Topics: Fraud and Ethics · Internal Audit
Learn it on video
- COSO Principles 8-9 Explained: Fraud Risk and Managing Change (7 min)
- COSO in Action: How a Retailer Prevents Fraud (6 min)
- Audit Ethics: Why the Auditor Is an Advisor, Not a Policeman (11 min)
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Learn Internal Audit is run by SKYBOT Technology LLP. The founders, Amit Salla and Zehra Maccawala, are partners at ZMAS and Associates, a Chartered Accountancy firm specialising in internal audit.