TRACK:: General Compliance/Hot Topics | Monday, 1:30 PM – 2:30 PM

Fraud Risk Assessment

The IIA International Professional Practices Framework requires internal audit consideration of fraud risk relative to auditor proficiency (Attribute Standard 1210/1210.A2) and risk management (Performance Standard 2120/2120.A2). In this session we'll discuss how we attempted to meet these standards over the past year and what we think worked and didn't work relative to the following objectives.

• Understand the nature of fraud risk relative to other risk; Identify steps for completing a fraud risk assessment.
• Incorporating fraud risk into your annual internal audit or corporate-wide risk assessments.
• Addressing fraud risk on an ongoing and individual audit basis.

Mark P. Ruppert, CPA, CIA, CISA, CHFP, Director, Internal Audit,  Cedars-Sinai Health System, Los Angeles, CA 90048
Paul M. Baran, PriceWaterhouseCoopers, Director, Internal Audit, Philadelphia, PA