CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

How to Audit for Fraud

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Auditing

Course Description

The How to Audit for Fraud course discusses the responsibility for fraud prevention and detection, the activities in which an auditor should engage, and the many extended audit procedures that can be used to detect traces of fraud. The course also covers the different ways in which financial statements can be fraudulently misstated, as well as fraud risk indicators and clues indicating the presence of fraud.

Learning Objectives

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

Chapter 1

  • Recognize the components of the fraud triangle.
  • Recognize who is responsible for fraud prevention and detection.
  • Understand the reasons for professional skepticism in the conduct of an audit for fraud.
  • Describe how to communicate to the client a discovery of fraud.
  • Recognize the situations that create pressure for a client to falsify its financial statements.

Chapter 2

  • Note the different types of scams that can be used to inflate the reported level of sales.
  • Describe how to alter the outcome of the receivables turnover measurement.
  • Cite the circumstances under which a client would want to recognize a large loss reserve.
  • Recognize the methods that can be used to shift expenses into a later period.
  • Cite the ways in which liabilities can be artificially lowered.
  • Note the primary goal of mis-reporting cash flows in the statement of cash flows.

Chapter 3

  • Describe the most appropriate audit team staffing when fraud is suspected.
  • Recognize the characteristics of a fraudulent journal entry.
  • Describe the techniques that can be used to alter a document to cover up a fraud.
  • Note the methods available for tracking down the theft of cash.

Course Specifics

Course ID
9179031
Revision Date
October 16, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

How to Audit for Fraud

Expert Instructors
Format
CPE CREDITS
3 Credits: Auditing

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Auditing

Course Description

The How to Audit for Fraud course discusses the responsibility for fraud prevention and detection, the activities in which an auditor should engage, and the many extended audit procedures that can be used to detect traces of fraud. The course also covers the different ways in which financial statements can be fraudulently misstated, as well as fraud risk indicators and clues indicating the presence of fraud.

Learning Objectives

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

Chapter 1

  • Recognize the components of the fraud triangle.
  • Recognize who is responsible for fraud prevention and detection.
  • Understand the reasons for professional skepticism in the conduct of an audit for fraud.
  • Describe how to communicate to the client a discovery of fraud.
  • Recognize the situations that create pressure for a client to falsify its financial statements.

Chapter 2

  • Note the different types of scams that can be used to inflate the reported level of sales.
  • Describe how to alter the outcome of the receivables turnover measurement.
  • Cite the circumstances under which a client would want to recognize a large loss reserve.
  • Recognize the methods that can be used to shift expenses into a later period.
  • Cite the ways in which liabilities can be artificially lowered.
  • Note the primary goal of mis-reporting cash flows in the statement of cash flows.

Chapter 3

  • Describe the most appropriate audit team staffing when fraud is suspected.
  • Recognize the characteristics of a fraudulent journal entry.
  • Describe the techniques that can be used to alter a document to cover up a fraud.
  • Note the methods available for tracking down the theft of cash.

Course Specifics

Course ID
9179031
Revision Date
October 16, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

How to Audit for Fraud

Expert Instructors
Format
CPE CREDITS
3 Credits: Auditing

$87.00$107.00

Clear