An auditor is a watchdog, not a bloodhound...
Should auditors be responsible for detecting fraud? How often is fraud detected via external audit?
According to the experts, not very often – and rightly so as external audit serves a different purpose. National Head of Fraud & Forensic Services, Roger Darvall-Stevens sheds light on this issue in a recent article for CPA Australia’s In The Black.
To find out his thoughts, head over to the In The Black website.