Shortage of internal auditors to fight fraud

A little more than half of internal auditors say they have too few staff to deal with fraud.

The research in Deloitte’s first Fraud Survey also concludes that a fifth of those polled said their companies had no formal fraud policy. More than 60% said their vulnerability to fraud had increased in the past 18 months.

Nic Carrington, a partner at Deloitte, said: “In spite of the high profile cases of fraud that have come to light during the economic downturn there is a worrying gap between talk and action.

“77% of respondents stated that the economic environment has generated board level discussion on either introducing and/or enhancing fraud risk monitoring, but the day to day practicalities of delivering these monitoring procedures are proving challenging.”


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