ADPF
A FRAUD UPDATE FOR 2007:
NEW APPROACHES TO DETECTING AND PREVENTING FRAUD
SAS No.
99 was the profession's most recent attempt to step up its responsibilities
regarding fraud. This course discusses the areas in which SAS No. 99 has
and has not been successful. It also points the way to forensic accounting
as the key to more effective auditing for fraud. The CPA's newly codified
responsibilities regarding fraud in review engagements are also presented
and evaluated.
Major
topics include:
- What are the CPA's
responsibilities for fraud? An update on the "expectation gap"
- How is fraud detected
in practice?
- A rapid review
of SAS No. 99 on fraud
- Tools for understanding
fraud -- the fraud tree and the fraud triangle
- Forensic investigation
and the audit process
- The AICPA's discussion
paper on forensic services and audits
- Using data extraction
software (DES)
- The CPA's responsibility
for fraud in review engagements -- SSARS No. 10
- The future direction
of auditing for fraud.
Designed
for: Accountants in public practice and
managers who need an overview and update of the current state and the
likely future direction of auditing for fraud.
Level
of knowledge: Update
Field
of study: Auditing
Price: $39
Credit Hours: 2
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