Fraud Investigator vs Trusted Advisor: The Balancing Act
The future of internal audit requires us to become more than just auditors but trusted advisors, we need to understand and be cognizant of how to navigate stakeholder expectations by providing value added services while continuing to ensure we don’t lose sight of our fundamental objectives of providing oversight and maintaining independence. This becomes increasingly difficult with the topic of fraud, which can impact so many stakeholders both within the organization and external.
This presentation walks through not just some basic fraud detection opportunities, but also provides real life personal examples on when frauds occurs and we, as internal auditors, lose sight of our role as trusted advisor and don’t take into account impact to all stakeholders. As part of the presentation I will provide lessons learned and insights on how to navigate these types of situations. The presentation provides the view from the Board, the executive leadership team and internal audit on how their roles and objectives collide when fraud occurs.