Monday, June 18 | 1:50-3:05 PM
Recommended Prerequisite: None
Field of Study: Auditing
The estimate that 5% of revenue is lost to fraud is a well-known and accepted number. Organizations are increasingly spending more time and effort on fraud awareness and protection. In the past few years, expectations for internal audit have changed dramatically — no longer is fraud awareness sufficient. Today, management and the board expect auditors to actively participate in the prevention and detection of fraud in their organization. Leadership rightfully has those expectations, and no group is better positioned to help fight fraud in an organization than internal audit. Auditors should be the best defense an organization has to fight fraud, if they know how to identify the red flags and actively look for fraud. However, the internal audit industry is still developing fraud fighting skills.
This session will cover fraud fighting techniques internal audit can immediately incorporate into their day-to-day auditing approach to catching the Bad Guys and start moving the needle in their own organization to reduce the estimated 5% of revenue lost to fraud.
You Will Learn How To:
President, Empower Audit Training and Consulting
Mary Breslin has more than 20 years of experience in internal auditing, fraud examination, management and accounting for companies such as ConocoPhillips, Barclays Capital, Costco Wholesale, Jefferson Wells and Boart Longyear. She specializes in internal audit transformations, operational and financial auditing, fraud auditing and investigations, and corporate accounting.
In addition to audit, fraud and accounting, she has significant international experience and has managed audit programs in more than 30 countries. Prior to becoming a full time instructor, Breslin held the title of Vice President and Chief Audit Executive in a global financial services company, where she transformed a checklist audit function into a value-add audit department which delivered measurable business results through the use of risk based auditing, data analytics, continuous education and skill development for her leadership team and staff. Through her senior audit leadership roles, Breslin has implemented numerous baseline internal audit functions and year-one Sarbanes-Oxley programs, both domestically and abroad.
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