One of the most significant challenges facing auditors is the prevalence of fraud that exists in today's business environment. All auditors should have a working knowledge of the requirements in professional literature regarding fraud.
DESIGNED FOR
Any accounting professional that desire a better understanding of fraud.
BENEFITS
After attending this presentation you will be able to:
- Identify auditor's requirements related to fraud in a financial statement audit
- Recall core concepts fundamental to obtaining sufficient and appropriate audit evidence related to fraud in a financial statement audit
- Recognize the key component s of the fraud risk triangle
- Recognize some indicators of fraud
- Identify key prevention measures that organizations can implement to attempt to prevent fraud
- Recall significant requirements of AU-C 240, Consideration of Fraud in a Financial Statement Audit
HIGHLIGHTS
The major topics that will be covered in this course include:
- The auditor's responsibilities for fraud when performing an audit as contained in AU-C 240, Consideration of Fraud in a Financial Statement Audit
- Reviewing the components of the fraud triangle
- A Fraud Prevention Checklist to be used by auditors and shared with their clients
- A review of how selected fraud were uncovered in small and medium size entities, including for-profit organizations, not-for-profit organizations, and governmental entities
- Other important matters covered in AU-C 240
PREREQUISITES
None
ADVANCE PREPARATION
None