From Enron and WorldCom in the early 2000s to Wirecard and FTX in recent years, the risk of fraud in an audit remains high, and the potential loss to the public has only increased. The Association of Certified Fraud Examiners (ACFE) annual reports find that fraud is potentially lurking in all businesses, including not-for-profit organizations.
DESIGNED FOR
CPAs in either public or private practice with accounting, financial reporting, or attest responsibilities
BENEFITS
- Understand the drivers of fraud risk in a financial statement audit
- Conduct procedures required by professional literature to assess the risk of fraud
- Develop discussion points to review with management and those charged with governance
- Identify the main types of fraud that occur in small to mid-sized companies and develop internal controls responsive to those risks
- Evaluate fraud case examples and identify how fraud occurred and how it could have been prevented or detected
HIGHLIGHTS
- The fraud landscape in the United States
- Fraud risk procedures as updated by recently issued standards
- Most likely fraud types found in small to mid-sized entities
- Internal controls to prevent and detect fraud
- What to do when fraud is identified or suspected
- Case studies based on recent frauds
- Cyber fraud schemes and how to prevent and detect them
- Analytics that can be used as fraud risk procedures
- Assessing the risk of grant fraud in a Single Audit
TAKE THEIR WORD FOR IT…
Past attendees say:PREREQUISITES
None
ADVANCE PREPARATION
None