Archive for September 2022
Becoming a Certified Internal Auditor
In many organizations, internal audits are far more critical than mere procedural necessity. Auditors not only verify the accuracy of financial records but also ensure legal compliance, detect fraud, and mitigate risk, making them key players in a company’s efforts to safeguard assets and determine strategic direction. As the significance and scope of audits grow,…
Read MoreThe Fraud Triangle – What Can You Do About It?
In 1953, Donald R. Cressey, an American penologist and criminologist, published Other People’s Money: A Study in the Social Psychology of Embezzlement. He hypothesized that: Trusted persons become trust violators when they – Conceive themselves as having a non-sharable financial problem Are aware that this problem can be secretly resolved (by violation of their…
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