SASU
SAS NO. 99 UPDATE:
WHAT WE HAVE LEARNED ABOUT FRAUD, AND HOW IT SHOULD AFFECT THE AUDIT
SAS No. 99 was the profession’s most recent attempt to step up its responsibilities regarding fraud. This course discusses where SAS No. 99 has and has not been successful, using recent survey data from ACFE, and assesses the likely effectiveness of its approach.
Major topics include:
- What are the CPA’s responsibilities for fraud? An update on the “expectation gap”
- What we know about fraud: the ACFE report
- SAS No. 99 overview: the 8-step approach
- Using the fraud triangle during the audit
- Fraud risk assessment
- Responding to the risk assessment -- practical suggestions
- Other issues
Designed for: Accountants in public practice and managers who need an update on fraud detection standards during a financial statement audit.
Level of knowledge: Update
Field of study: Auditing |
