The final webinar in the Skepticism Series addresses the role of the internal auditor. With their daily presence inside a company and their constant focus on internal controls—internal auditors are in a uniquely strong position to help deter and detect financial reporting fraud. But to enhance their effectiveness, they should adopt an attitude of professional skepticism.
For internal auditors, skepticism means being intellectually curious, confirming verbal representations with evidence, and having a “mindset” that recognizes the possibility of fraud always exists. Overall, skepticism from internal auditors can make a vital difference over time to help deter and detect financial reporting fraud.