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