The Institute of Internal Auditors is recognized as the authority that establishes the guidelines and standards for the internal audit profession. The framework guides auditors in utilizing a structure methodology when performing internal audit evaluations.

This text base course provided in various sections that will speak not only to the IIA Standards but also the nature of work by internal audit. This section will deal with internal audit’s role in fraud work.

As the world has rapidly evolved over the past several years, internal auditors have been called on to provide a wide array of services. Yet, management often does not understand the full breadth of the IIA Standards and protocols auditors should follow when performing both Assurance services and Consulting services.

This set of courses on “The Internal Audit Function” was developed by Lynn Fountain, CPA, CGMA, CRMA, MBA, cPIA and past Chief Audit Executive. Lynn authored the book Leading the Internal Audit Function which was released by Taylor & Francis in 2017. In the book she outlines not only the Standards and expectations for internal auditors but the many challenges individuals in the profession face when trying to execute their duties.

Course Series

This course is included in the following series:

8 CoursesThe Internal Audit Function

  1. The Internal Audit Function - Purpose and Establishing the Function (Text Based Course)
  2. The Internal Audit Function - The Attribute Standards (Text Based Course)
  3. The Internal Audit Function - The Performance Standards (Text Based Course)
  4. The Internal Audit Function - Internal Audit’s Assurance Role and Risk Based Auditing (Text Based Course)
  5. The Internal Audit Function - Governance Role (Text Based Course)
  6. The Internal Audit Function - Internal Audit’s Role in Fraud Work (Text Based Course)
  7. The Internal Audit Function - Internal Audit’s Role in Fraud Risk Assessments (Text Based Course)
  8. The Internal Audit Function - Fraud Evaluation vs. Fraud Investigation (Text Based Course)
Learning Objectives
  • Explore and evaluate internal audit’s role in fraud work.
  • Discover and examine the fraud triangle.
  • Explore and examine the fraud diamond.
  • Identify and examine keys to meeting the competency standard towards fraud evaluation.
  • Explore internal audit’s value-added roles in fraud prevention.
  • Recognize and communicate internal audit’s role related to fraud processes.
  • Identify and establish the proper communication protocol.
Last updated/reviewed: July 06, 2022
6 Reviews (20 ratings)


Member's Profile
Very comprehensive and imfo content The instructor explained all topics in the course in easy and friendly manner I highly recommend this course to everyone who seeks cybersecurity course or to fulfill isaca cpe for isca certifications. Many thanks to illumeo All your courses are excellent and comprehensive in all fields.

Member's Profile
Excellent reference guide for an auditor who has not recently been certified and or an auditor without internal audit/CFE experience.

Anonymous Author
Great overview of the internal audit's role in fraud work. Highlights the importance of internal auditors' roles.

Anonymous Author
Good course on the importance of internal audit and the role they play in the organization.

Member's Profile
Lots of good information regarding the foundation of fraud work.

Anonymous Author
Interesting topic, presented in an easy to follow course

Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  The Internal Audit Function - Internal Audit’s Role in Fraud Work (Text Based Course)PDF