Anti-Fraud in Action: Skepticism in Focus on Mitigating Fraud Risk
Thursday, September 24, 2020
The CAQ’s Margot Cella, Vice President, Research and Anti-Fraud Initiatives, interviews The Institute of Internal Auditors’ President and CEO, Richard Chambers, to discuss the role of skepticism in deterring and detecting fraud, how to effectively exercise and enhance skepticism, and proactive steps to overcome challenges posed by the COVID-19 crisis.
Jump to a topic:
[00:49] What is skepticism’s role in deterring and detecting fraud?
[03:08] An example of how skepticism can play a role in deterring and detecting fraud.
[05:11] How can internal auditors and other members of the financial reporting supply chain be more effective in exercising skepticism?
[06:57] What are the challenges that people face to enhance their own skepticism?
[08:46] Are there increased risks that people face in their ability to exercise skepticism?
[11:12] What are some of the other proactive steps people can take to challenge their own assumptions about their level of skepticism?
[13:06] Key takeaway on exercising and enhancing skepticism.