When it comes to fraud, crime does pay…The Association of Certified Fraud Examiners reports that fraud and abuse cost typical US organizations 7% of revenues. This amounts to $994 billion dollars annually when applied to the US gross domestic product.
Add to this astronomical figure the requirements of Sarbanes-Oxley, HIPAA, GLBA, and PCAOB, and it is clear why finding and preventing fraud is a top priority in today’s organizations.About This Course
Fraud Auditing Boot Camp is designed to provide you with a thorough understanding of the types of fraud taking place in today’s business environment, and the techniques you need to build effective fraud prevention and detection measures into your audit plan.
In four intensive days you will learn fraud schemes typically found in organizations, the red flags of fraud, how to minimize fraud, the impact of internal controls on fraud, and the steps to investigating fraud should it strike your organization. You will learn a proven fraud audit methodology, and cover such high-risk areas as misappropriation of assets, financial statement fraud, and management fraud.
You will focus on fraud detection strategies, the composition of a fraud scheme, fraud risk assessment, and the legal considerations of fraud.Agenda
- Fraud Auditing Defined
- Update On Professional Standards
- The Realities Of Fraud
- Auditing For Fraud
- Fraud Risk Assessment At The Enterprise Level
- Fraud Risk Assessment At The Audit Level
- Financial Statements
- Misappropriation Of Assets
- Conducting The Fraud Investigation
- The Legal Implications Of Fraud Auditing
- Fraud Prevention Programs
Learning Level: Basic
Field: AuditingDates & Times
Classes start on the date(s) posted herein, and run from 8:30am to 5pm daily, except for the last day of class, which ends at 1pm.