Document Type
Article
Publication Date
8-1-2011
Publication Source
Internal Auditor
Abstract
In theory, management is responsible not only for designing and implementing strong systems of internal control but also confirming their continued effectiveness over time through monitoring activities. Yet, management override of these monitoring activities — -Soften described as the Achilles' heel of internal controls — is a growing trend at the executive level, as indicated by both of The Committee of Sponsoring Organizations of the Treadway Commission's fraud studies of 1998 and 2010. When the “overseer” becomes the perpetrator of fraud, how do shareholders protect themselves? Indeed, as the Roman satiric poet Decimus Juvenal wrote, “But who will guard the guardians themselves?”
Inclusive pages
25-27
ISBN/ISSN
0020-5745
Copyright
Copyright © 2011, Institute of Internal Auditors
Publisher
Institute of Internal Auditors
Volume
68
Issue
4
eCommons Citation
Ramamoorti, Sridhar and Evans, R. Luke, "The Corporate Ethics Audit: To Prevent and Detect Management Fraud, Internal Auditors Must Have a Sound Understanding of Human Behavior" (2011). Accounting Faculty Publications. 92.
https://ecommons.udayton.edu/acc_fac_pub/92
Included in
Accounting Commons, Business Administration, Management, and Operations Commons, Business Law, Public Responsibility, and Ethics Commons, Corporate Finance Commons, Nonprofit Administration and Management Commons
Comments
The document available for download is the published version, provided in compliance with the publisher's copyright policy. Permission documentation is on file.