Auditing For Fraud

Monday, June 23, 2025
Webcast or Webinar, Online
3:00 PM - 5:15 PM (opens at 2:30 PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 25/AC699708
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing

Overview:

Auditors are required by Generally Accepted Auditing Standards to perform audit procedures to determine if the financial statements are materially misstated due to error OR FRAUD.  Unfortunately, in the past the profession has focused on misstatements due to errors and largely ignored to possibility of misstatements due to fraud.  While SAS No. 122, AU 240, Consideration of Fraud in a Financial Statement Audit sets forth the procedures that auditors are required to perform in each audit to determine if the financial statements are materially misstated due to fraud, this program presents a practical approach to making such a determination.  It’s not a substitute for the requirements in SAS 122, AU 240, but rather an informal supplement to the standard with some common-sense procedures which are designed from my over 30 plus years of directing fraud investigations.  After attending this session, you will more than likely never look at a financial statement audit the same way.

Objectives:

  • Understand the common myths about fraud
  • Recognize the importance of observation
  • Obtain information without asking questions
  • Describe the number one reason fraud is able to be successful
  • Assess the possibility of fraud based on risk
  • Maintain professional skepticism

Major Topics:

  • Auditing
  • Fraud

Major Topics:

  • Auditing
  • Fraud

Designed For:

External and Internal Auditors, Fraud Examiners

Prerequisites:

None