4th of July offer on myCPE Prime, Unlimited courses and credits for just $199. Hurry! (Offer expires on July 04) Click here to start.

Audit 101: Part 2 - Fraud Overview

  • Accountant
  • CRMA
  • CPA/CFF
  • CFE
  • CIA
  • CMA
  • CPA (US)
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • MAFF
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: June, 2022

You need to register for the webinar to watch the video.

Click Here to Register

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

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 Online CPE Auditing course

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

This webinar is a part 2 of 3 day comprehensive seminar on Audit. 

We recommend you to take Part 1 - "Beginner Auditor Boot Camp" prior to attending this webinar, and Part 3 - "Audit Wrap-up" after attending this webinar for conclusive learning and better learning experience. 

Click to access more CPE webinars on CE webinars on Latest Tax Update | Trust, Estate, and Financial Planning CPE Webinars

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.

Recommended For

  • This CPE course is recommended for CPAs, CFEs, CFFs, CEOs, Board Members, Compliance managers, Risk managers involved in the implementation and review of internal controls for the prevention and detection of fraud.
  • CPAs in public practice and industry who wish to educate clients or colleagues on how to better prevent fraud from occurring at the source as well as to seek means to improve anti-fraud controls.

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

Course Qualification

Webinar Qualifies For

  • 6.5 General Credit for Accountant/Bookeeper
  • 6.5 CPE Credit for Internal Audit Practitioner (IAP)
  • 6.5 CPE Credit for Master Analyst In Financial Forensics (MAFF)
  • 6.5 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 6.5 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 6.5 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 6.5 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 6.5 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 6.5 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 6.5 CPD Credit for CA - ICAEW
  • 6.5 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 6.5 CPD Credit for Chartered Certified Accountants (ACCA)
  • 6.5 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 6.5 CPD Credit for Chartered Accountants - Scotland
  • 6.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 6.5 CE Credit for Certified Wealth Strategist (CWS)
  • 6.5 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    6.5
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Danny Goldberg

President, GoldSRD

Danny M. Goldberg is the Founder of GoldSRD (www.GoldSRD.com), a leading provider of Staff Augmentation, Executive Recruiting and Professional Development services.  Danny is a well-known speaker on internal auditing and People-Centric Skills, co-authoring People-Centric Skills: Communication and Interpersonal Skills for Internal Auditors, via Wiley Publications.  People-Centric Skills, 2nd Edition, the follow-up to this critically acclaimed book, is currently available via Amazon and through GoldSRD at a discounted rate. 

Danny has over 22 years of professional experience, including five years leading/building internal audit functions.  Danny was named as one of the Fort Worth Business Press 40 Under 40 for 2014. 

He is a thought-leader in the profession, recognized through his numerous articles in trade magazines and consistent rating as a top speaker in the industry.  Mr. Goldberg is also accredited as the Professional Commentator of the Bureau of National Affairs - Internal Audit: Fundamental Principles and Best Practices (Professional Commentator).  This book was authored by renowned audit scholars Curtis C. Verschoor and Mort A. Dittenhofer – coauthor of Sawyer’s Internal Auditing. 

Mr. Goldberg is an active member of the Institute for Internal Auditors, both at a local and national level.  Leadership roles include: 

  • Current IIA Dallas Chapter Board Member and Programs Committee Co-Chair
  • Former IIA Fort Worth Chapter Board Member and Programs Committee Co-Chair
  • Former Member of the IIA North America Learning Committee (2015)
  • Former Volunteer Chairman of the American Lung Association (2014)
  • Former Audit Committee Chairman/Director at numerous religious organizations

Danny is a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified in the Governance of Enterprise Information Technology (CGEIT), Certified in Risk and Information Systems Control (CRISC), Certified in Risk Management Assurance (CRMA), has obtained his Certification in Control Self Assessment (CCSA) and is a Chartered Global Management Accountant (CGMA).

About Company

GoldSRD focuses its efforts on three core practices in addition to special projects:

- Staff Augmentation: We have a vast network of very capable and experienced temporary employees that fill your organization’s needs within 72 hours of the request. Our process is differentiated from competitors due to the in-depth review process we perform on candidates.

- Executive Recruiting: Due to our expansive network of very capable and experienced resources, we are able to target not only the right background but ideal personality fit to fill your organization’s needs.

- Professional Development: Our Founder, Danny M. Goldberg, is a renowned speaker and trainer on internal audit, accounting, finance, and soft skills. We have over 100 full-day courses and can customize to your needs. These courses include topical matters on Internal Audit, Audit, Finance and People-Centric© (Soft Skills). With over 100 professional organizations and 30 Fortune 1000 customers, we have the experience and know-how to create a successful, fun, interactive and objective-based course.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.3

12 Ratings

Excellent

4

Very Good

8

Average

0

Poor

0

Terrible

0

BS

Brian Smith, CPA (US)

Jun 13th, 2022

This was an interesting format for self study since the original live program was so interactive but I thought it worked well.

We use cookies to improve your experience on our website. Cookies store information about how a user interacts with Website. By clicking "Accept Cookies", you agree that MY-CPE LLC can store cookies on your device. All your data is anonymised and cannot be used to identify you.