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What is the role of internal audit in prevention and

Q1. What is the role of Internal Audit in prevention and detection of fraud? (You should refer to relevant IIA Standards in your answer). Discuss an example of a fraud that you know occurred from personal experience or searching the internet and how it was detected.

Q2. Discuss the results in the ACFE 2016 Report to the Nations on Occupational Fraud and Abuse pertaining to the following:

1. Detection of Fraud Schemes

2. Perpetrators

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Accounting Basics: What is the role of internal audit in prevention and

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