Fraud: Not Just for Audits Anymore
Course ID: LE9179002
NASBA Category: Auditing
Level: Intermediate
Author: Noce, Tom
Conference Year: 2017
CPE Credits: 6
Prerequisites: A working knowledge of the basic concepts of fraud prevention systems is beneficial, but not mandatory
Advanced Preparation: None
Course Description:
It's critical that auditors familiarize themselves with current procedural, performance, and documentation standards related to fraud. However, fraud is not just for auditors anymore. For the first time, fraud is defined in SSARS No. 21 pertaining to review engagements. Maximize your value to your client by learning effective loss prevention strategies based on actual war stories. This course will provide an overview of the fraud risk assessment required by current professional standards and an in-depth review of the specific fraud-related requirements including changes resulting from recent audit and review standards. Other topics covered include how to identify potential problem areas, develop a prevention plan, and use the necessary tools and techniques needed to minimize the loss of any client-initiated legal claims.
Learning Objectives:

Upon successful completion of this course, participants will be able to:

  • Understand and implement the concepts embodied in the AICPA audit risk assessment model as it pertains to fraud
  • Recognize the red flags of fraud and understand the concept of the fraud triangle
  • Discover how to best detect, prevent, and respond to fraud
  • Review current types of fraud risks facing nonaudit practitioners
  • Review available loss prevention tools
Compliance Information:
Blank fields indicate that this course does not qualify for those categories.
NASBA:
NASBA Registry #: 103220
IRS:
IRS Provider #:
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IRS Federal Tax Law Credits:
IRS Federal Tax Update Credits:
IRS Ethics Credits:
California Specific Information:
CTEC Provider #:
CTEC Course #:
CTEC Federal Tax Law Credits:
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CTEC Ethics Credits:
CTEC State Credits:
Qualifies for CA Fraud: Yes