This course examines actual fraud circumstances through the lens of potential prevention. We will examine how selected frauds were accomplished and consider what internal controls may have prevented fraudsters' ability to accomplish their nefarious acts. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Identify minimum understanding and documentation requirements if the auditor does not intend to rely on internal controls.
- Recognize internal controls of less-sophisticated, small-to-medium sized audit clients.
- Utilize identified internal controls for an efficient, risk-based approach to audits conducted in accordance with generally accepted auditing standards.
- Document your procedures and related conclusions
Major Topics
The major topics covered in this class include:
- Examination of actual frauds
- Discussion of internal controls that could have prevented the frauds
- Contemplation of epiphanies for your own professional scenarios
