Fraud Risk in Focus. A Qualitative Analysis of Internal Audit Role in Fraud Risk Management in Africa DOI Creative Commons

Joseph Kingsley Badu

International Journal of Applied Research in Business and Management, Journal Year: 2025, Volume and Issue: 6(1)

Published: Jan. 1, 2025

Fraud is a concerning factor to organizations worldwide, par-ticularly on issues of finance, reputation, and efficiency in operations (Eco-nomic Forum & PwC, 2022). The manifestations fraud are more height-ened Africa, because the diverse nature economies, political chal-lenges, oversights regulatory entities . Organizations depend in-ternal auditing identify, measure, mitigate risks that make an organization capable responding fraudulent activities efficiently ef-fectively. This paper focuses internal audit involvement risk management process, particularly Africa. African business environment has generally featured rapid economic growth, varied regula-tory regimes, uneven maturing process corporate governance. Additionally, this explores multi-level challenges organ-izations Africa face bid cope with mitigation. These developmental create which may be infested bred, if not properly addressed. Consequently, assumes very significant role providing assurance regard-ing adequacy frameworks, controls, governance procedures. It therefore means practices allow locate only their important vulnerabilities, but also areas resilience mitigations could enhanced within themselves encourage accountability culture transparency would enhance further sustainable development.

Language: Английский

Fraud Risk in Focus. A Qualitative Analysis of Internal Audit Role in Fraud Risk Management in Africa DOI Creative Commons

Joseph Kingsley Badu

International Journal of Applied Research in Business and Management, Journal Year: 2025, Volume and Issue: 6(1)

Published: Jan. 1, 2025

Fraud is a concerning factor to organizations worldwide, par-ticularly on issues of finance, reputation, and efficiency in operations (Eco-nomic Forum & PwC, 2022). The manifestations fraud are more height-ened Africa, because the diverse nature economies, political chal-lenges, oversights regulatory entities . Organizations depend in-ternal auditing identify, measure, mitigate risks that make an organization capable responding fraudulent activities efficiently ef-fectively. This paper focuses internal audit involvement risk management process, particularly Africa. African business environment has generally featured rapid economic growth, varied regula-tory regimes, uneven maturing process corporate governance. Additionally, this explores multi-level challenges organ-izations Africa face bid cope with mitigation. These developmental create which may be infested bred, if not properly addressed. Consequently, assumes very significant role providing assurance regard-ing adequacy frameworks, controls, governance procedures. It therefore means practices allow locate only their important vulnerabilities, but also areas resilience mitigations could enhanced within themselves encourage accountability culture transparency would enhance further sustainable development.

Language: Английский

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