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Need more CPE this year? Get this course plus unlimited live webinars through 12/31 for just $649!

Fraud – A Fresh Perspective on its Impact (FRAU)

Tuesday, November 8, 2016
07:00 PM - 09:00 PM (Eastern)

Melissa Critcher, CPA, PC

  • Format Webinar
  • Credits 2
  • Level Basic
  • Field of Study Auditing (2)

Overview

Auditors often fall into the trap of automatically completing fraud checklists and asking routine questions in a remote fashion. By performing these required audit steps in an automatic manner, auditors may fail to identify potential fraud risk factors which may lead to an unidentified misstatement in the financial statements. This course will identify various fraudulent transactions that occur in both large and small organizations that range from large embezzlement schemes to everyday activities that may be overlooked. By discussing various fraudulent activities, auditors will obtain a better understanding of the risks to the financial statements as well as, potential opportunities to mitigate those risks.

Major Topics:

  • Identifying and assessing key fraud risk areas
  • Developing prevention and detection strategies for specific types of fraud
  • How to mitigate fraud risks to the financial statements

Learning Objectives

  • Be able to perform the fraud risk assessment in an audit from a fresh perspective
  • Assist the auditor with the identification of potential fraud risk factors and misstatements
  • Understand methods that may be utilized by employees to report fraud and the impact to the planning stages of the audit and the financial statements

Who should take this course:

Accounting and financial personnel in business and industry who have responsibility for protection of company assets as well as financial reporting; public accountants who advise their clients in effective oversight and management of company resources; au

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