White Paper - Audit Committee Oversight of the Fraud and Corruption Investigations Activity

Whitepaper

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Author

Bruce Turner AM

CRMA, CGAP, CISA, CFE, PFIIA, FFin, FFA, FIPA, FIML, MAICD, JP

Date

2025

Topics Explored

Audit Committee, Fraud and Corruption

Format

White Paper

Extract/Description

This White Paper outlines a practical approach for Audit Committees to maintain effective oversight of the fraud and corruption investigations activity to minimise the risk of internal investigative process failures within their organisation, whilst ensuring confidentiality and secrecy of individual investigations is maintained.

Key Points

1. Audit Committees and management, appropriately, maintain an ‘arms length’ approach from investigations, enabling investigators to perform their role in an independent, impartial and confidential manner.

2. Audit Committees will have greater confidence in the integrity of investigation processes and outcomes when they have adopted the five focus elements covered in this paper.

Relevant Industries

All

Level of Assumed Knowledge

Expert

Aligned to Global Internal Audit Standards

Yes