Webcast: Fraud Risk in Governmental and Not-for-Profit Organizations (XAFRGNP117)
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Recognizing fraud risks in governmental and not-for-profit organizations is often challenging due to the inherent nature of these organizations. In addition to their public nature, these organizations may have limited support staff or staff with limited accounting expertise which can result in less than effective fraud prevention and detection programs and/or increased opportunities for fraud. Using a combination of examples and explanations of audit standards, obtain an understanding of the fra

7/13/2017
When: 07/13/2017
12:00 PM until 4:00 PM
Where: Webcast
AICPA
1368012:9098A95ECF5E21F65739F018B4705E8F
United States
Presenter: Lynda M. Dennis, CPA, CGFO, PhD


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Acronym XAFRGNP117
CPE 4 hours
Vendor AICPA
Category
Accounting Governmental
Level Intermediate
Prerequisite Knowledge of government and not-for-profit sectors
Adv Prep None
Yellow Book? No
Designed for Auditors and financial staff of governmental and not-for-profit organizations
Registration
Member $159
CPA Non-Member $199

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Recognizing fraud risks in governmental and not-for-profit organizations is often challenging due to the inherent nature of these organizations. In addition to their public nature, these organizations may have limited support staff or staff with limited accounting expertise which can result in less than effective fraud prevention and detection programs and/or increased opportunities for fraud. Using a combination of examples and explanations of audit standards, obtain an understanding of the frauds most commonly perpetrated in government and not-for-profit organizations and what prevention and detection procedures are effective in responding to these fraud risks. This course also discusses how auditors might address their responsibilities with respect to fraud in a financial statement audit of governmental and not-for-profit organizations.

TOPICS DISCUSSED

  • GAAS and GAGAS standards related to the auditor’s responsibility with respect to fraud in a financial audit
  • Recognize areas where fraud most likely occurs in governmental and not-for-profit organizations
  • Fraud programs and controls that may be effective in addressing fraud risks in governmental and not-for-profit organizations

 

Objectives
When you complete this course you will be able to:

  • Determine the auditor’s responsibility with respect to fraud in a financial statement audit.
  • Identify strategies to prevent, deter, and/or detect fraud in governmental or not-for-profit organizations.
  • Determine audit procedures effective in addressing the risk of material misstatement due to fraud in the financial statements of governmental and not-for-profit organizations.