CSI for CPAs: Hands-on Tools & Techniques - Learning Objectives

Upon successful completion of this course, participants will be able to:

• Section 1
• Describe several of the ten steps to prevent and detect fraud, and utilize tools and techniques for fraud detection and prevention.
• Recognize issues with regard to segregation of duties, and apply recommended practices for safeguarding cash assets.
• Analyze data and use financial analysis as a fraud prevention tool.
• Recommend possibilities for audio/visual surveillance as an anti-fraud tool.
  
• Section 2
• Implement a successful fraud prevention and detection program.
• Follow-up on a whistle-blower report.
• Evaluate and improve fraud controls as part of following up on fraud hotline reports.
• Section 3
• Recognize characteristics of continuous auditing.
• Explain several ways that data extraction software can be used to improve fraud prevention and detection.
• Utilize Benford’s Law in data analysis: identify the populations for which it will provide meaningful information, interpret variances from the expectation percentages, and determine how best to follow-up on anomalies revealed by Benford’s Law.
  
• Section 4
• Analyze data, identify anomalies to be checked, and perform logical follow-up steps for fraud prevention and detection, based on the results of your data analysis.
• Recognize characteristics of “typical” fraud perpetrators and apply knowledge of those characteristics to implement effective fraud prevention and detection controls.