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Auditing for Fraud
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Auditing for Fraud
Course Description:
In every audit, the auditor is required to specifically assess the risk of material misstatement of the financial statements due to fraud. Auditing for Fraud is a course that examines the types of fraud considered by auditors when auditing financial statements: fraudulent financial reporting and misappropriations of assets.
This course describes the way auditors gather information to assess fraud risk in every audit and develop appropriate responses to identified fraud risks, after considering the effectiveness of management's antifraud programs and controls. This course focuses on the typical fraud techniques and highlights areas that are subject to greater risk of fraud. Once the auditor suspects fraud, it is their responsibility to gather additional evidence, often through inquiry. This course also describes the auditor’s responsible for making certain communications about suspected or detected fraud to senior management and the audit committee.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
• Identify the three types of fraud.Course Description:
In every audit, the auditor is required to specifically assess the risk of material misstatement of the financial statements due to fraud. Auditing for Fraud is a course that examines the types of fraud considered by auditors when auditing financial statements: fraudulent financial reporting and misappropriations of assets.
This course describes the way auditors gather information to assess fraud risk in every audit and develop appropriate responses to identified fraud risks, after considering the effectiveness of management's antifraud programs and controls. This course focuses on the typical fraud techniques and highlights areas that are subject to greater risk of fraud. Once the auditor suspects fraud, it is their responsibility to gather additional evidence, often through inquiry. This course also describes the auditor’s responsible for making certain communications about suspected or detected fraud to senior management and the audit committee.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
• Identify the SAS that provides guidance to auditors in assessing the risk of fraud
• Recognize the three elements identified by the AICPA to prevent, deter, and detect fraud.
• Recognize who is responsible for identifying and measuring fraud risks and taking steps to mitigate identified risks.
• Identify the procedures to address the risk of management overriding internal controls that are otherwise operating effectively.
• Recognize the characteristics of different types of fraud.
Course Number:
CC02
NASBA Field of Study:
Auditing
Level:
Intermediate
Author/Instructor:
Colten Christensen
Publication Date:
February 2023
CPE Credits:
2
Prerequisites:
None
Advanced Preparation:
None
CC02
NASBA Field of Study:
Auditing
Level:
Intermediate
Author/Instructor:
Colten Christensen
Publication Date:
February 2023
CPE Credits:
2
Prerequisites:
None
Advanced Preparation:
None
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