Fraud risks and internal control failures continue to challenge organizations and their auditors. This session explores common fraud schemes, the fraud triangle and how to evaluate internal controls, while also addressing key ARSC updates, special-purpose framework reporting and frequent peer review findings in compilation and review engagements.
DESIGNED FOR
CPAs in public practice and fractional CFOs
BENEFITS
Strengthen your ability to identify fraud risks, distinguish processes from controls and address common issues cited in peer reviews for compilation and review engagements.
HIGHLIGHTS
- Common fraud schemes and the fraud triangle
- Internal controls: design, implementation and evaluation
- Compilation and review updates under ARSC standards
- Reporting considerations using a special=purpose framework
- Frequent peer review findings and how to avoid them