STUDY ON THE RELATIONSHIP BETWEEN INTERNAL AUDIT EFFECTIVENESS, INTERNAL AUDITOR’S RESPONSIBILITY, TRAINING, AND FRAUD DETECTION

Abstract

This study aims to understand the role of internal auditor responsibility, training, and fraud detection, as well
as to demonstrate the efficacy of internal audits. Audit committees internally can spot inaccuracies or
atrocities which provoke malfeasance and, therefore, internal auditing is becoming an element of current
businesses for the last decade. The study emphasizes its importance, as Internal Audit is indeed very crucial
to prevent accounting fraud. This research paper illustrates the significance of firms experiencing a financial
recession of internal audit and fraud detection