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The original article has been posted on our Linkedin group by Gabriel Josiah.

🛡️ Practical Steps to Identify and Mitigate Fraud Risks

In today’s evolving risk landscape, conducting a fraud risk assessment is not just a best practice — it's a necessity for protecting organizational integrity and reputation.

✅ Here’s a brief 5-step guide:

Identify Fraud Risks
Engage departments to pinpoint areas vulnerable to fraud (e.g., procurement, payroll, cash handling).

Assess Likelihood & Impact
Evaluat

Internal audits serve as the backbone of organizational integrity, acting as a mirror that reflects an organization's operational strengths and areas ripe for improvement. Internal quality audits are pivotal in achieving regulatory and standard compliance, such as ISO 9001. Regularly auditing the risk and compliance management system is crucial for businesses to ensure its effectiveness and alignment with relevant regulations. These audits pave the way for improvements and prepare organizations

Audits are essential for every organization, particularly those that adhere to stringent rules and standards. Whether done internally or by external auditors, audits entail a significant amount of time and documentation. Until software changes anything, the advantages of employing audit software are apparent.

Internal audit technology has been shown to reduce audit time by reducing the requirement for paper documents, allowing audits to be conducted in hours rather than weeks. When you realize th

The Biggest Risks in an Internal Audit May Be the Issues You Miss Richard Chambers, CIA, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. For many years, I taught accounting courses during the evenings at a local university.

I would often tell my students, “The only stupid question is the one that is never asked — unless the question is, 'Would you postpone the next exam?'” My years as a college instructor coincided with the early years of my inte