Fraud: Definition, Types, Reasons, and Managing

Definition: Fraud is the intentional activity to gain personal benefit directly or indirectly illegally, against organization or entity policy. It is ultimately different from error and corruption.  An elementary example of fraud is that the accounting staff pay...

Internal Auditor’s Responsibilities on Fraud

Establishing the internal audit department is part of internal control and risk management in the organization, which is why the internal audit department exists. The risks that internal auditors should oversee are limited to internal control, operational risks,...