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Internal auditing is an independent,objective assurance and consulting activity that strengthens and protects organisations.

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Internal auditors support achievement of organisation objectives with pragmatic insights that strengthen governance and improve business processes. We strive to make a positive difference from the boardroom to the front line, which maintains trust and confidence in the organisation.

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What's your potential? Rise to the call of reaching your potential by launching an internal audit career right here in New Zealand. Are you starting out in your career or getting ready to rise and side-step, taking your skills to a new challenge? Your journey into internal audit starts here with IIA NZ.

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Why does insurance fraud increase during a recession?

by Ksenia Stepanova

Insurance claims tend to skyrocket during times of recession, and, according to statistics, so does insurance fraud - something industry experts say can only be tackled through strong collaboration among insurers.

The Insurance Council of New Zealand launched its own fraud bureau last year, and, according to its 2019 data, $688 million out of the $1.31 billion in paid claims is estimated to have been a result of insurance fraud. That number is expected to rise thanks to the COVID-19 pandemic and recession, and ICNZ said financial hardship is likely to be a key driving factor.

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