Big Role For Internal Auditors As Fraud Spikes In Pandemic


 
Institute of Corporate Directors Malaysia chair Zarinah Anwar says auditors should now broaden their focus from detection to prediction of control failures and risk triggers. (Reuters pic)PETALING JAYA: Internal auditors have a big role to play in the current business environment, with increasing fraud during the pandemic a major concern around the world.
Zarinah Anwar, chairman of the Institute of Corporate Directors Malaysia, cited a recent study by global consultancy Ernst & Young which found an increase in respondents identifying fraud as a top risk area for their firms during the pandemic.
“Possible reasons are changed controls and processes to accommodate the remote working environment, conflicts and segregation of duties resulting from resuming from a reduced workforce, and increased incentives to commit fraud due to the economic environment,” she said at the Governance in Audit Virtual Forum 2021, hosted by the Institute of Internal Auditors Malaysia.
The former chair of the Securities Commission Malaysia said that with more businesses on high alert, “the ability for internal auditors to independently assess and report on the effectiveness of governance, risk management and control processes and to provide the board and management an informed and unbiased critique must be safeguarded”.
Aside from ensuring integrity, she said, other areas of corporate governance have emerged that require flexibility from internal auditors.
They include employee health and well-being, physical return to work, supply chain and global trade, technology and information security, and liquidity and working capital.
Zarinah said that ensuring best practices are followed and providing an advisory role for these new areas can allow internal auditors to add great value to business, if they have the flexibility to capitalise on these emerging trends.
“Auditors must first scale up efforts to develop their skill sets and reconsider their approach to execution, employ new technology that will facilitate dynamic risk identification and prioritisation, broaden their focus from detection to prediction of control failures and risk triggers, and focus on the root causes of issues to enable businesses to implement improvements,” she said. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/07/big-role-for-internal-auditors-as-fraud.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Federation Aims To Rope In More Contributors For Anti Pandemic Fund

Federation Aims To Rope In More Contributors For Anti Pandemic Fund

papar berkaitan - pada 20/7/2021 - jumlah : 275 hits
Tan presents the cheque for RM42 000 to Kuek witnessed by Wee and others KUCHING Over 5 000 individuals have contributed more than RM220 000 towards the Sarawak Anti Pandemic Support Fund initiated by the Federation of C
Breaking Ji Chang Wook In Talks For Lead Role In Drama Tell Me Your Wish

Breaking Ji Chang Wook In Talks For Lead Role In Drama Tell Me Your Wish

papar berkaitan - pada 8/7/2021 - jumlah : 300 hits
Actor Ji Chang Wook is in discussions to return with a lead role in Tell Me Your Wish On 8 July an official from the entertainment industry told Sports Chosun Ji Chang Wook will become the main character of the new drama Tell Me Your Wish w...
Three More Lines For Bakul Prihatin Negara Applications Rina

Three More Lines For Bakul Prihatin Negara Applications Rina

papar berkaitan - pada 21/7/2021 - jumlah : 688 hits
The Women Family and Community Development Ministry has provided three additional telephone numbers to facilitate applications for the Bakul Prihatin Negara aid launched by Prime Minister Muhyiddin Yassin on July 15 Its minister Rina Mohd H...
Dap Sarawak Adds 100 Slots For Free Cab Rides To Ppvs

Dap Sarawak Adds 100 Slots For Free Cab Rides To Ppvs

papar berkaitan - pada 7/7/2021 - jumlah : 345 hits
Chong Yong and Kong meet up withthe 100th passenger of DAP Sarawak s free taxi service at Jalan Tunku Abdul Rahman prior to going to the PPV to get his vaccine jab KUCHING The Democratic Action Party Sarawak have a
Opting For Loan Moratorium Will Cost Borrowers More Bank Negara

Opting For Loan Moratorium Will Cost Borrowers More Bank Negara

papar berkaitan - pada 7/7/2021 - jumlah : 306 hits
As banks gear up to begin receiving applications for loan moratoriums tomorrow the central bank has reminded borrowers that opting in for this facility will raise the overall cost of borrowing It said that banks will not charge any compound...
Ipoh City Council On The Lookout For The Sudden Poor

Ipoh City Council On The Lookout For The Sudden Poor

papar berkaitan - pada 7/7/2021 - jumlah : 270 hits
Ipoh mayor Rumaizi Baharin handing the aid to Ahmad Irwan Othman at the press conference IPOH The Ipoh City Council is tracking down hard pressed residents in order to deliver much needed assistance to them as they have suddenly fallen into...
15 Super Sweet Diy Outdoor Furniture Projects For Your Patio

15 Super Sweet Diy Outdoor Furniture Projects For Your Patio

papar berkaitan - pada 6/7/2021 - jumlah : 282 hits
Have you recently paid a visit to your local furniture store If you have then you must have noticed that most of the trending items look like someone ripped them out from an old farm The post appeared first on
Police Will Probe Kit Siang For Sedition

Police Will Probe Kit Siang For Sedition

papar berkaitan - pada 7/7/2021 - jumlah : 253 hits
Police will probe Kit Siang for sedition Home minister says police will probe Kit Siang for sedition Home Minister Datuk Seri Hamzah Zainudin said today the police will probe Lim Kit Siang for sedition over a criticism he made against Datuk...
Gorgeous Decorative Tables For The Whole Home

Gorgeous Decorative Tables For The Whole Home

papar berkaitan - pada 7/7/2021 - jumlah : 321 hits
To be placed absolutely everywhere and multifunction the side table lives up to its name To help you choose the table that will suit you perfectly we offer you a small selection of our favorite models The post appeared first on
Anwar Slams Hypocritical Criticism Over His Response To Najib S Apology

A Sucker Punch For Rm1 000 What S The Value Of Dignity In Malaysia

Makan Malam Tiga Beranak Di Adam Kitchen

Rakyat Malaysia Jadi Tentera Upahan Di Ukraine Dipercayai Masih Hidup Kpn

Tan Sri Vincent Tan Dan U Mobile

Sabah Air Belum Mohon Lesen Perkhidmatan Udara Kata Menteri Pengangkutan

Malaysia Singapore To Jointly Nominate Chingay For Unesco List

Empat Sekawan Dipenjara Tiga Tahun Culik Budak Perempuan


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Maut Tertusuk Keris Ketika Buat Persembahan Depan Pengantin

Lebai Beri Nama Isteri Penerima Zakat

Jarang Jarang Dapat Bergambar Dengan Pemimpi Nabi

Apa Itu Malaysian Dream

Sabah Lanjut Kontrak Kim Swee

Dapatkan Rawatan Estetik Kulit Bagi Hilangkan Melasma Jeragat Di Klinik Dr Bazilah