Is it Internal Audits job to identify fraud?
No. Internal Audit attempts to minimize the risk of fraud by identifying potential deficiencies in controls, which might enable fraud to be perpetuated. This process sometimes results in fraud being identified, in which case an investigation is performed. Internal Audit is the main point of contact for concerns regarding fiscal misconduct (such as fraud), as outlined in the University Fiscal Misconduct Policy. Reports of fiscal misconduct can be made anonymously on the Internal Audit website at Reporting Fiscal Misconduct.
