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Auditor emphasizes separation of duties in fraud risk assessment; first question drives score
5793065 · July 31, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The auditor's fraud risk assessment assigns substantial weight to separation of duties; staff urged entities to complete the instrument honestly and to address basic internal-control gaps first.
Parker Van Erden, an analyst on the local government team, walked attendees through the auditor's fraud risk assessment and implementation guide, saying the instrument is a diagnostic tool to identify and reduce fraud risk.
Van Erden explained that the assessment is supplemental to financial reports and is due at the same time as the entity's financial report. He recommended…
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