Auditing (1), Computer Software & Applications (1)
A basic understanding of Excel and the use of functions as well as a basic understanding of auditing.

Course Description

Fraud auditors are detectives, sifting through large volumes of data for anything questionable. It is essential to utilize tools that enable immediate investigations. Microsoft Excel provides some easy-to-use tools that can greatly enhance and expedite the fraud audit process. This course will demonstrate how to use AutoFilter, arrays, and functions such as WEEKDAY and MOD using step-by-step instructions that you can apply to the interactive Excel practice file. The materials also include a discussion of Benford's Law, a valuable tool that can be used in conjunction with Excel.


Joseph Helstrom, CPA

Joseph Helstrom, CPA, is a partner at CFO Resources, LLC, a company focused on training and courseware for CPAs. He’s also the owner of Mill Creek Publishing LLC. Joe has over 30 years of experience as a CPA in both public accounting and industry, with extensive experience in financial reporting and analysis, treasury, tax, information technology, legal and regulatory matters, and strategic planning.

After graduation from Butler University with a degree in accounting, Joe got his start at Ernst & Young. Subsequent to that, he has served for several different companies as a chief financial officer; director of treasury and tax; controller; and manager of financial planning, reporting, and analysis.

Joe and his wife, Patricia McCarthy, produce self-study courses for Western CPE and have published articles in Missouri and Texas CPA society publications titled “Incorporating Excel Arrays into Your Audit Plan.”

Patricia McCarthy, MBA

Patricia McCarthy, MBA, is a partner at CFO Resources LLC, a company focused on training and courseware for CPAs. Her focus is on Microsoft products, particularly Excel, and how to use these programs effectively in business. She’s also certified as an MOS expert in Excel. Patricia has been in software training for over 20 years, and her client list includes the Indiana CPA Society, which awarded her its Outstanding Discussion Leader award.

She has been a contributor to the Journal of Accountancy and has published articles in several CPA society magazines, including societies in Indiana, Missouri, Texas, and Arizona.

Patricia is a graduate of the College of the Holy Cross and also holds an MBA from Babson College. She was a full-time lecturer in Butler University’s School of Business for 6 years and has taught at several of Indiana’s other universities.

Patricia also has an extensive business background in audit and financial functions. She runs a blog called Chatting about Excel and More, and she writes self-study CPE courses on Microsoft Excel for Western CPE.

Course Specifics

Auditing , Computer Software & Applications
Jun 19, 2017
A basic understanding of Excel and the use of functions as well as a basic understanding of auditing.
Excel 2007 or higher required.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

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

  • Identify the location of AutoFilter icon in Excel, and recognize the usage of the AutoFilter tool, particularly in fraud auditing
  • Recognize when auto filter and conditional formatting may be utilized to highlight exceptions
  • Recognize the usage of array formulas and lookup tables to consolidate tasks, search for information, and compare lists
  • Recognize the syntax and usage of various text functions such as VLOOKUP, IFERROR, and MATCH to identify items, compare lists, search for a specific criteria or rounding, and name ranges of data
  • Recognize ways to identify duplicate items and the steps involved in removing duplicates
  • Identify gaps in a sequence using Excel
  • Recognize the characteristics and uses for Benford's Law

Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy

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