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Fraud Auditing for Internal Auditors

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Before starting this self study program, please go through the instructional document.

Overview

  • Fraud Quiz
    6 mins
  • Occupational Fraud
    46 mins
  • Profiling Stats
    86 mins
  • Knowledge & Skills For Success
    115 mins
  • How is Fraud Concealed & Discovered?
    152 mins
  • Initial Reporting by Whistleblower
    181 mins
  • Classifying Red Flag Behaviour
    220 mins
  • How Are Fraudsters Punished?
    250 mins
  • Control Environment
    278 mins
  • Other Controls
    331 mins
  • Grade Your BS Detector
    377 mins

Course Description

With the increase in the risk of the occurrence of fraud which got further accentuated by the global pandemic situation, IA function has to be more proactive, and adaptive, in order to be able to identify, detect and investigate the fraud risks within an organization.

IPPF requires that Internal auditors must have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organization. This requires internal auditors to be well versed in how a fraud can take place in the industry in which they work.

The internal auditor must be equipped with some fraud training/experience in the following areas:

  • Creation/Involvement of the anti-fraud assessment
  • Solid understanding of measures intended to prevent and detect fraud
  • Awareness of financial fraud schemes and scenarios and knowledge of forensic investigations
  • Ability to detect financial statement fraud, which
  • requires a firm understanding of financial reporting standards   

Internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor. Due professional care does not imply infallibility.

In this online CPE course, attendees will focus on the basics of fraud auditing, including monitoring activities, understanding the nature of fraud and how it occurs, internal audit’s role in detecting fraud and fraud red flags.

Major topics covered in this online CPE webinar:

  • Fraud auditing overview
  • Occupational fraud
  • Profiling
  • Auditor responsibility
  • IIA standards on fraud
  • A step-by-step approach
  • Fraud red flags
  • Management’s role/ dilemmas and fraud detection
  • Fraud schemes
  • Internal controls and fraud prevention

Learning Objectives

  • To identify fraud risk and appropriate tools and techniques.
  • To discuss leading practices in fraud detection
  • To describe how to apply critical thinking skills to fraud situations.
  • To identify fraud through fraud indicators.
  • To discover how fraud occurs and the characteristics of a fraudster.
  • To integrate fraud related audit steps into every audit and how to interlink the fraud risk assessment into your audit work

Who Should Attend?

  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA