The Little Book of Local Government Fraud - Yellow Book Series (Course Id 1550)

Auditing (Governmental) - Auditing (Governmental) for Course Id 1550

The Little Book of Government Fraud is for both the professional fraud examiner and lay-man alike. Even if you know little about fraud, Charles Hall, CPA, CFE, MAcc, will guide you to a much better understanding of how fraud is carried out and why it happens. The professional fraud examiner will find easy-to-understand prevention and detection techniques, which are complemented by a complete series of checklists.

NASBA QAS - NASBA Registry - 1550

Course Learning Objectives

• Identify common characteristics of fraudsters.
• Identify various types of fraud schemes.
• Recognize ways to detect and prevent fraud in local governments.
• Recognize ways to prevent fraud by identifying varies types of fraud schemes
• Recall various red flag situations for detecting and preventing fraud.
• Identify the primary methods of stealing from governments.
• Specify details of receipt and disbursement fraud tests.
• Recall the three receipt fraud tests
• Specify common times when detection of fraud surfaces.
• Cite exemptions that may occur within local governments.
• Select the dollar amount associated with median-sized governments.
• Identify the importance of forensic audits.
• Define terms associated with deficiencies in internal controls.
• Identify ways of categorizing and communicating control weaknesses.
• Recall lower cost options for preventing fraud in smaller governments.
• Identify recommended internal controls for small governments.

Chapter 1
Local Government Fraud - An Overview

5.     Scan All Checks for Proper Signatures and Payees

Why test?

How to test?

6.     Review Checks Falling Just Below Approval Limits

Why test?

How to test?

Study Questions for Chapter 4

Chapter 5: Procuring Fraud-Related Audit Services

Objectives:

What an Audit Is (and What It Is Not)

Solicitation of Fraud-Related Audit Services

Types of Audit Services

GAAS Audits

Forensic Audits

Internal Control Review

Who Performs Local Government Audits

Study Questions for Chapter 5

Chapter 6: Auditing and Certified Public Accountants

Objectives:

The Balance Sheet Approach

Fraud Stings Auditor

Lessons Learned

Defining Internal Control Weaknesses

How to Categorize a Control Weakness

Communicating Control Weaknesses

Study Questions for Chapter 6

Chapter 7: Supplemental Information

Objectives:

Fraud Prevention for (Very) Small Governments

First, let�s look at lower cost options:

Now let�s examine some higher cost options (that are usually more effective):

Local Governments Internal Control Checklist

General Controls

Cash Receipts and Billing Controls

Disbursements and Purchasing Controls

Payroll Controls

Capital Asset Controls

Local Government Fraud Resource List

Books:

Reports:

Internet Groups:

Fraud-Related Audit Groups:

Fraud-Related Blogs:

Internet Search:

Documents:

Fraud Software:

Study Question for Chapter 7

Bibliography

Glossary