How internal audit can and should help prevent fraud

by Sylvester Shamy

Chairman of the Institute of Internal Auditors New Zealand
and 2016 New Zealand Internal Auditor of the Year

In a typical organisation, recruitment, procurement, contract management and financial processes and controls are usually compartmentalised and managed by Human Resource, Procurement, the business and Finance respectively. It is unsurprising, then, that fraudsters often exploit weaknesses inherent in reliance, assumptions and handover points between business units to perpetrate their fraud. READ MORE