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Course Details

Fraud Overview for Accountants and Auditors (Course Id 612)

Updated / QAS / Registry   Add to Cart 
Author : Steven C Fustolo, CPA, MBA
Status : Production
CPE Credits : 4.0
IRS Credits : 0
Price : $39.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Auditing - Auditing for Course Id 612

Description :

The course addresses various issues related to fraud. In particular, accountants and auditors need to be aware of the types of fraud that clients and employees may be committing, especially in light of myriad lawsuits against auditors and accountants. Topics include a review of the results of the fraud Report to the Nation, types of fraud, auditors role in addressing fraud, and the accountants responsibility for fraud in a compilation and review engagement. The course also discusses miscellaneous fraud-related issues including whistleblowing, anti-fraud measures, considering an entitys fraud scorecard, and more.

Usage Rank : 0
Release : 2015
Version : 1.0
Prerequisites : General understanding of fraud issues and auditing standards
Experience Level : Overview
Additional Contents : Complete, no additional material needed
Additional Links :
Advance Preparation : None
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE)
Revision Date : 24-Apr-2015
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.
Approved Audience :

NASBA QAS - NASBA Registry - 612

Keywords : Auditing, Fraud, Overview, Accountants, Auditors, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

After reading the course material, you will be able to:
    Identify examples of fraud cash disbursements
    Identify the difference between fraud and an error
    Recognize some of the conditions of the fraud triangle
    Identify examples of financial statement fraud
    Identify types of misappropriation of assets
    Identify additional procedures an auditor is required to perform to deal with the risk of management override of internal controls
    Identify examples of missed audit procedures involving the detection of fraud
    Identify audit procedures an auditor should perform to address certain frauds involving revenue
    Identify the elements of a fraud predator profile
    Identify some of the whistleblower protections for employees
    Identify the requirements for reporting fraud under the compilation and review standards
    Identify some of the recommendations to minimize a CPAs exposure to fraud risk

Chapter 1
Client and Employee Fraud

After reading the Chapter 1 course material, you will be able to:
    Identify examples of fraud cash disbursements
    Identify the difference between fraud and an error
    Recognize some of the conditions of the fraud triangle
    Identify examples of financial statement fraud
    Identify types of misappropriation of assets

Chapter 2
The Auditors Role in Dealing with Fraud

After reading the Chapter 2 course material, you will be able to:
    Identify additional procedures an auditor is required to perform to deal with the risk of management override of internal controls
    Identify examples of missed audit procedures involving the detection of fraud
    Identify audit procedures an auditor should perform to address certain frauds involving revenue
    Identify the elements of a fraud predator profile
    Identify some of the whistleblower protections for employees of public companies

Chapter 3
Consideration of Fraud in a Compilation and Review Engagement

After reading the Chapter 3 course material, you will be able to:
    Identify the requirements for reporting fraud under SSARS No. 21
    Identify some of the recommendations to minimize a CPAs exposure to fraud risk
Course Contents :

Chapter 1 - Client and Employee Fraud

General

Report to the Nations on Occupational Fraud and Abuse

Review Questions and Suggested Solutions

 

Types of Fraud

Small Business Fraud

Evaluating an Entitys Fraud Environment

Time Theft

Employee Background Checks and Credit Reports

Review Questions and Suggested Solutions

 

Chapter 2 - The Auditors Role in Dealing with Fraud

General

The auditor's role in dealing with fraud- AU-C 240 (formerly SAS No. 99) requirements

Look for the warning signs of fraud before and during the audit

Remember that analytical procedures are the key

Auditors need to corroborate evidence

Specific fraud issues

Anti-Fraud Measures

Sentences for Fraudsters

A Fraud Scorecard

Computer Crime and Theft

Integrity Survey

Correlation Between Bankruptcy and Fraud

The CFO Perspective on Their Outside Auditors and Fraud

Madoff and the Single Auditor Issue

Review Questions and Suggested Solutions

 

Whistleblowing- The New Profession Acts Like to Oldest Profession

Review Questions and Suggested Solutions

 

Chapter 3 - Consideration of Fraud in a Compilation and Review Engagement

Review Questions and Suggested Solutions

 

Glossary

Auditing Course 612 Home: https://www.cpethink.com/fraud-cpa-courses
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