ABSTRACT
The team contrasts risk-based auditing from traditional controls-based auditing. Team members work together to improve the readability of an audit report, and John conducts a lengthy one-on-one meeting, during which he gains a better understanding of the staff members’ concerns to elevate their relationship. John returns to the site of the fraud and brings two staff members with him, who after performing data analytics uncover another fraud. Back in the office, John trains the team on several facilitation, process mapping, process improvement, documentation tools, and reporting best practices. A near miss raises concerns about cybersecurity and creates an opportunity for internal audit to consider a review of InSports’ cybersecurity awareness training.
