The real purpose behind the Fraud Risk Wheel

Heads of Internal Audit who seek to be effective in fraud detection and prevention can have difficult debates with top management about the available budget and resources for this work, as against their regular internal audit programme. Dr Peter Tickner shares how he developed a model to evaluate the risk of fraud and the need for investigative resources.

Dr Peter Tickner is a freelance academic researcher working with the Institute of Criminal Justice Studies at the University of Portsmouth.

Heads of Internal Audit who seek to be effective in fraud detection and prevention can have difficult debates with top management about the available budget and resources for this work, as against their regular internal audit programme. Dr Peter Tickner shares how he developed a model to evaluate the risk of fraud and the need for investigative resources.