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Course Details - Go to Course Contents |
Registry
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| Title : |
Internal Control and Fraud Detection |
| Author : |
Jae K. Shim, Ph.D., CPA |
| Status : |
Production |
| CPE Credits : |
8.0 |
| IRS Credits : |
0 |
| Price : |
$79.95 |
| Passing Score : |
70% |
| Primary Subject-Field Of Study : |
Auditing - Accounting and Auditing |
| Description : |
This course covers the essential tools you need to perform internal-control related services. It will take you through your clients' responsibility to design and implement programs and controls to prevent, deter, and detect fraud. It touches on internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act. The course also covers Management's Antifraud Programs and Controls and the risk factors included in SAS No.99. The course provides useful indicators and checklists such as indicators of financial crime, the ACFE's fraud prevention checkup, internal control assessment form, computer applications checklist, and financial reporting information systems and controls checklist.
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| Usage Rank : |
0 |
| Release : |
2012 |
| Version : |
1.0 |
| Prerequisites : |
None. |
| Experience Level : |
Overview |
| Additional Contents : |
Complete, no additional material needed. |
| Advance Preparation : |
None. |
| Delivery Method : |
Self-Study |
| Intended Participants : |
Anyone needing Continuing Professional Education (CPE). |
| Approved Audience : |
- NASBA Registry - - |
| Revision Date : |
10/03/2012 |
| NASBA Course Declaration : |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Comments : |
PE,Fraud,self study,education,continuing professional education,AICPA,accounting,accounting ethics,ethics courses,self study courses,self study ethics,fruad courses,fraud CPE,self study fraud |
| Learning Objectives : |
Chapter 1
INTERNAL CONTROL AND THE INTERNAL AUDIT FUNCTION
After studying this chapter you will be able to:
1. List the purposes of internal auditing.
2. Describe the stages in the audit process.
3. Explain the various types of auditing, including compliance auditing and management auditing.
4. Identify the five components of internal control.
5. Discuss the audit control environment.
6. Outline what the internal audit report involves.
7. Outline the cycle approach to internal control.
8. Describe the implication and significance of the Sarbanes-Oxley Act.
9. Demonstrate what is meant by "internal control over financial reporting" in accordance with Section 404 of Sarbanes-Oxley.
10. Differentiate between the new reporting model and historical reporting.
Chapter 2
INTERNAL AUDIT OF FINANCIAL STATEMENT ACCOUNTS
After studying this chapter you will be able to:
1. Outline sample audit programs for balance sheet, income statement, and cash flow accounts.
2. Explain SAS 99—Consideration of Fraud in a Financial Statement Audit.
3. Describe management's antifraud programs and controls and the risk factors included in SAS No. 99.
4. Identify risk factors relating to misstatements arising from fraudulent financial reporting.
5. List risk factors relating to misstatements arising from misappropriation of assets.
6. Apply some of the techniques for fraud prevention.
Chapter 3
STATISTICAL SAMPLING IN TESTS OF CONTROLS
After studying this chapter you will be able to:
1. Define tests of controls.
2. Identify sampling risk and control risk.
3. Indicate some methods of choosing a random sample.
4. Distinguish between attribute sampling and variables sampling.
5. Explain discovery sampling.
6. Describe stratified sampling.
7. Differentiate between judgment (nonstatistical) sampling and statistical sampling.
Chapter 4
FRAUD PREVENTION, FRAUD DETECTION, AND FORENSIC ACCOUNTING
After studying this chapter you will be able to:
1. Discuss how to prevent fraud.
2. Differentiate between auditing and fraud examination.
3. Define forensic accounting and auditing.
4. Apply forensic accountants’ investigation procedures.
5. Summarize fraud symptoms.
6. Outline the use of technology in forensic accounting and fraud detection.
7. Demonstrate two actual cases of forensic accounting.
8. Describe the role of Certified Fraud Examiners (CFEs).
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Course Contents - Go to Details |
preface
CHAPTER 1
INTERNAL CONTROL AND THE INTERNAL AUDIT FUNCTION
CHAPTER 2
INTERNAL AUDIT OF FINANCIAL STATEMENT ACCOUNTS
chapter 3
STATISTICAL SAMPLING IN tests of controls
chapter 4
fraud prevention, fraud detection, and forensic accounting
Appendix
A—Indicators of Financial Crime
B—internal control forms and checklists
¨ FIGURE 1—Internal Control Assessment Form
¨ FIGURE 2—Computer Applications Checklist—Medium to Large Business
¨ FIGURE 3—Financial Reporting Information Systems and Controls Checklist—Medium to Large Business
glossary |
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