HOW “POSITIVE AUDITING” ASSURES RELIABLE REPORTING ON STRENGTHS AND OPPORTUNITIES by Basil Orsini
Internal auditors usually focus on areas where significant deficiencies are expected and where key risks are threatening their organization’s ability to achieve its objectives. Internal auditors rarely provide assurance on organizational strengths and external opportunities for growth. Similarly, fraud investigations tend to focus on financial frauds and their associated risks, rarely examining non-financial fraud risks. Is this as it should be, or should internal auditors and fraud examiners do more to provide additional value to their organization?
In this article, Basil Orsini argues that the scope of internal audits and of fraud examinations should be expanded to include what he calls “positive auditing.” This would favour collaboration between internal auditors and fraud examiners and produce valuable assurance for public sector organizations.Read the Article