The Fraud Course

Overview

The Fraud Course is designed to provide its participants with an understanding about the types of fraud that may occur that may result in material misstatement in the financial statements under audit. The course takes an internal control-based approach to identifying fraud risks and risk factors and responding to those risks or the presence of risk factors with extended procedures that are specifically designed to assist auditors in determining whether fraud is occurring, and if so, whether it results in material misstatement to the financial statements.

Prerequisites

None

Designed For

Partners and managers responsible for planning and supervision of audit engagements, audit staff members who need to understand the nature of fraud and common fraud schemes and be able to design appropriate response procedures.

Objectives

To enable participants to identify fraud risks through a review of internal controls that may be ineffective, overridden or altogether missing; to identify the presence of fraud risk factors and other red flags that may be indicative of the presence of fraud; to enable participants to formulate and apply audit procedures that are directed toward identification of the occurrence of fraud that may be material to the financial statements.

Preparation

None