Increasing fraud awareness in bank audit functions.

摘要

As fraud has increasingly implicated the safety and soundness of banking, internal auditors have received intensified demands from depositors, stockholders, directors, and regulators to reliably deter and detect fraud. Therefore, bank audit functions are challenged to develop proactive audit procedures and a supportive environment to increase fraud awareness.;To help meet this challenge, this thesis first discusses existing professional audit standards for deterring and detecting fraud. Auditors' endorsement of these standards and their success in detecting fraud are then evaluated. With an understanding of the causes, characteristics, and indicators of fraud highlighted by case studies, audit procedures to direct bank auditors toward potential or actual fraud are then developed. Next, training concepts needed to complement auditing procedures that heighten fraud awareness are discussed. Finally, expanded audit committee liability and related responsibilities to provide audit functions the necessary resources and independence to successfully deter and detect fraud are described.