Lack of manpower leaves companies at risk of fraud

Many internal audit teams do not have the manpower to root out and manage the.

full range of company risks as the chances of fraud rocket in the recession,.

corporate governance experts have warned.Robert Hirth, executive vice president at Protiviti, the risk advisers,.

warned management and boards would need to look more critically at internal.

audit resources and question whether that level of resource was adequate. ‘There.

are many organisations that are well-staffed, but there are many more that.

aren’t, leaving them understaffed qualitatively and quantitatively,’ he said..

‘If that internal audit by quantity or quality is ineffective or inadequate, you.

will have a weakest link situation.’

Taken from here