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Fraud Overview

Fraud Overview CPE Course

6.5 Credits

$65

Subject Area

Auditing

Webinar Qualifies For

6.5 CPE credit of Auditing for all CPAs

6.5 CPE credit for Certified Management Accountants (CMA)

6.5 CPE credit for Certified Internal Auditors (CIA)

6.5 CPE credit for Certification in Risk Management Assurance (CRMA)

6.5 CPE credit for Certified Fraud Examiners (CFEs)

6.5 CPE credit for Internal Audit Practitioner (IAP)

6.5 CPE credit for Qualification in Internal Audit Leadership (QIAL)

6.5 CPD credit (Verifiable) for CPA/CFF

6.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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

Overview

  • Fraud Quiz
    10 mins
  • The Definition of Fraud
    40 mins
  • Fraud Red Flags
    59 mins
  • Does it Matter if I Commit fraud?
    110 mins
  • Purpose of Audit Documentation
    185 mins
  • Workpaper Overview
    197 mins
  • Case Study - Peer Review Work Paper
    248 mins
  • Strategies to Identify Monitoring Controls
    289 mins

Course Description

Any illegal act characterized by deceit, concealment, or violation of trust.  These acts are not dependent upon the threat of violence or physical force.  Frauds are perpetrated by parties and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage.

No one wants to believe that their organization could be the victim of fraud, but unfortunately no one is immune. Organizations that fall victim to fraud (and that is every organization in the world) have many controls in place to combat fraud. 

We need to understand that audits are not designed to detect fraud the goal of audit is to provide reasonable assurance that the financial statements are free from material misstatement.

Auditors test only a small fraction of transactions on sample basis and therefore auditors must Be aware of the potential of fraud and they should discuss how fraud could occur. The auditor should delve into suspicious observations and report them.

In this CPE webinar, you will work through real world examples to understand fraud schemes and errors that are found in organizations. You will learn how board and management can implement effective internal controls to address the risk of fraud and so that such issues are more likely to be prevented or detected in a timely manner.

Major topics covered in this CPE course:

  • Occupational fraud
  • The fraud triangle
  • Fraud red flags
  • Fraud schemes
  • Categories of fraud risk
  • Controls overview
  • Internal controls for fraud prevention


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Learning Objectives

  • To determine the prevalence of fraud.
  • To describe how organizations may cause fraud without realizing it.
  • To comprehend the cost of fraud.
  • To discuss the importance of the environment.
  • To recognize potential tipoffs to fraudulent behavior.
  • To comprehend information that indicates how some people respond differently to certain factors.
  • To determine that there are many layers in fraud defense.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA