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Article
The internal auditor as fraud-buster
Faculty Publications
  • William A. Hillison
  • Carl J. Pacini
  • David Sinason
SelectedWorks Author Profiles:
Carl J. Pacini
Document Type
Article
Publication Date
1999
Date Issued
January 1999
Date Available
March 2014
Disciplines
Abstract
External auditors are often not positioned to detect and report the occurrence of employee fraud. Internal auditors, however, can be an entity's main line of defence against fraud. In this article, the authors identify: the fraud risks and signals that internal auditors should recognize, the assistance that internal auditors can provide external auditors in implementing SAS No. 82 and complying with Title III of the Private Securities Litigation Reform Act, and the affirmative steps internal auditors can take to prevent, deter, detect, and report fraud. The future is not promising, however. All three aspects of the fraud model - pressure, opportunity, and rationalization - appear to be moving in the direction of increasing the risk of fraud. The potential for increased fraud demands a sharpened focus by the internal auditor.
Comments
Citation only. Full-text article is available only through licensed access provided by the publisher. Published in Managerial Auditing Journal, 14(7), 351-362. Members of the USF System may access the full-text of the article through the authenticated link provided.
Language
en_US
Publisher
Emerald Group Publishing Ltd.
Creative Commons License
Creative Commons Attribution-Noncommercial-No Derivative Works 4.0
Citation Information
Hillison, W., Pacini, C., & Sinason, D. (1999). The internal auditor as fraud-buster. Managerial Auditing Journal, 14(7), 351-362.