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Monday, December 4, 2023 In-person / Live Webcast

Assessing the Risk of Fraud in a Financial Statement Audit (E2312563)

8:30 AM - 4:30 PM EST

Registration: 8:30 AM EST

NJCPA Learning Center

105 Eisenhower Parkway, Suite 300
Roseland , NJ 07068

8.0 CPE Credits in AA

OVERVIEW


The Association of Certified Fraud Examiners says that there is fraud lurking in all businesses, including not-for-profit organizations. It often goes undetected for years and when uncovered, management and the board may question why the auditor did not identify it.

DESIGNED FOR

CPAs in either public or private practice with accounting, financial reporting, or attest responsibilities

BENEFITS

  • Understand the drivers of fraud risk in a financial statement audit
  • Conduct procedures required by professional literature to assess the risk of fraud
  • Develop discussion points to review with management and those charged with governance
  • Identify the main types of fraud that occur in small to midsize companies and develop internal controls to be responsive to those risks
  • Evaluate fraud case examples and identify how fraud occurred and how it could have been prevented or detected

HIGHLIGHTS

  • Fraud landscape in the United States
  • Fraud risk procedures as updated by recently issued standards
  • Most likely fraud types found in small to midsize entities
  • Internal controls to prevent and detect fraud
  • What to do when fraud or suspected fraud is identified
  • Case studies based on recent frauds
  • Cyber fraud schemes and how to prevent/detect them
  • Analytics that can be used as fraud risk procedures
  • Assessing the risk of grant fraud in a Single Audit 

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Jeffrey Lieman

Jeffrey Lieman, CPA

AICPA/Professional Development Institute

Jeffrey heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland, where he provides consulting services, contractual assistance services and training to CPAs, their firms and their clients. He is recognized nationally as a lecturer for various accounting, auditing and technology topics and has been quoted in various trade journals. Since 2016, he has received the Surgent Outstanding Discussion Leader Award. Jeffrey's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland, where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.

PRICING

In-Person Registration

    $289.00 - Member

    $439.00 - Nonmember

Virtual Registration

    $289.00 - Member

    $439.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 4 at 8:30 AM.

Registrations will be accepted at the door.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent