Blog: ​Fraud Report Affirms Internal Audit’s Value at Critical Time

In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here’s an excerpt from his latest post:

​Each year, the Association of Certified Fraud Examiners (ACFE) publishes a “Report to the Nations,” which shares results of its annual Global Fraud Survey. The findings reflect the significant role that internal audit plays, and the value it adds, in detecting and deterring fraud. Indeed, internal audit consistently ranks second only to whistleblower tips as the most effective way to uncover wrongdoing.

This year’s report is no different, except in one very important way: Its message about internal audit’s value is needed now more than ever.

In addition to its deeply serious health implications, COVID-19 is part of any and every discussion about business and society. From its dramatic impact on global economic engines and its spawning of a telecommuting revolution, to the growing anxiety brought on by social distancing’s isolation, the pandemic dominates every waking hour.

Read the full InternalAuditor.org blog post from IIA President and CEO Richard Chambers.