The Role of the internal audit function in fraud risk management

Fenny Chuwardi, Nonna Martinov-Bennie, Renee Radich

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionpeer-review

Abstract

This exploratory study provides insights into the current roles and responsibilities of the Internal Audit Function (IAF) in managing fraud risks within organisations as well as the factors affecting the IAF’s performance. Using an online questionnaire distributed to members of the Institute of Internal Auditors (IIA) Australia, results indicate that the IAF has expanded its role to all aspects of fraud risk management including fraud risk identification, prevention, detection and investigation with its main focus being fraud prevention. However, results also suggest that the IAF does not always have adequate resources, tools and support to be able to effectively perform its duties.
Original languageEnglish
Title of host publication2012 AFAANZ conference
Subtitle of host publicationpapers
Place of PublicationMelbourne
PublisherAccounting and Finance Association of Australia and New Zealand
Pages1-25
Number of pages25
Publication statusPublished - 2012
EventAccounting and Finance Association of Australia and New Zealand Conference (2012) - Melbourne
Duration: 1 Jul 20124 Jul 2012

Conference

ConferenceAccounting and Finance Association of Australia and New Zealand Conference (2012)
CityMelbourne
Period1/07/124/07/12

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