Auditing Fraud

The presentation provides an internal audit‑focused overview of fraud, combining global insights with practical application. It covers key fraud typologies, drivers such as the fraud triangle, and typical fraudster profiles based on ACFE data. It highlights how fraud develops within routine processes, the role of red flags and controls, and why fraud persists despite established frameworks. The session also examines fraud risk governance, clarifies the role of internal audit, and addresses common misconceptions. Overall, it links fraud theory to audit practice, emphasising risk awareness, professional scepticism, and an organisation‑wide approach to managing fraud risk.

The Speaker

Aidan Massa is Head of Internal Audit at the Central Bank of Malta, where he occupied different positions across several business areas since joining the Bank a number of years ago. He has a first degree in Banking and Finance, a Masters in Business Administration and is CISA qualified. Mr Massa is a member of the Internal Auditors Committee of the Eurosystem, the European System of Central Banks and the Single Supervisory Mechanism. On the local scene, he holds the post of secretary of the IIA (Malta) chapter.