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Fraud: Practical Approaches To Prevention & Detection

Fraud: Practical Approaches To Prevention & Detection

4 Credits

$40

Subject Area

Auditing

Webinar Qualifies For

4 CPE credit of Auditing for all CPAs

4 CPE credit for Certified Management Accountants (CMA)

4 CPE credit for Certified Internal Auditors (CIA)

4 CPD credit (Verifiable) for Canadian CPAs

4 CPE credit for Certified Fraud Examiners (CFEs)

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

4 CPD credit (Verifiable) for CPA/CFF

4 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

4 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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.

The topic is also scheduled as live webinar on the following dates

Oct 26, 2021 | 02:00 PM EDT Register

Overview

  • The Nature of Fraud
    8 mins
  • How is it committed?
    13 mins
  • Applied to Accounts Receivable Lapping
    29 mins
  • The Characteristics of Fraud
    46 mins
  • Common Rationalizations for Committing Fraud
    50 mins
  • How do Perpetrators Rationalize Their Frauds?
    71 mins
  • Honest Crook
    82 mins
  • Red Flags
    101 mins
  • Fraudulent Disbursement
    113 mins
  • Obtaining & Documenting an Understanding of Existing controls
    120 mins
  • Evaluating Segregation of Duties
    143 mins
  • Marginally Effective Controls
    163 mins

Course Description

Fraud potentially affects almost every organization to some degree and, regardless of the type or level of service a CPA is engaged to provide, clients, financial statement users, and others consider the detection of fraud to be the accountant’s responsibility.  Employee fraud is a particular problem and when it is detected by the client, it is not unusual for that client to initiate some action against the CPA.

This online CPE webinars for CPAs explores fraud by identifying the characteristics of different types of fraud perpetrators and the types of controls that might be most effective for each type.  Each key concept will be reinforced by referring the facts in various actual cases and evaluating the types of controls that might have prevented the fraud from occurring, what types of controls might have detected the fraud, and the nature of audit procedures that might also be effective for detection.

Key topics covered in this online Fraud CPE webinar: 

  • Typical fraud schemes for various types of entities
  • The characteristics and components of an effective internal control system using the COSO model as a guide
  • Profiles of fraud perpetrators and the types of controls most likely to be effective for each
  • Designing control procedures to enhance an entity’s atmosphere and reduce the likelihood of fraud
  • Designing control procedures to address specific fraud schemes

Recommended for: 

  • Internal accountants and managers who have responsibility for designing, enforcing, assessing, enhancing, or auditing internal controls 
  • CPAs who provide consulting services related to internal controls or are responsible for the design, performance, or effectiveness of an independent audit.

Learning Objectives

  • To discuss the various means by which fraud is committed and how to determine when an entity is susceptible to specific fraud schemes
  • To identify profiles of individuals committing fraud for different reasons, why they commit fraud, and the most effective preventive approaches for each type
  • To identify general control activities that may reduce an entity’s susceptibility to fraud and those specific controls that may prevent a specific scheme from occurring
  • To develop a holistic approach to establishing and enforcing control activities such that they can be effective without giving employees the feeling that they are watched or are not trusted.

Who Should Attend?

  • Auditors
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Testimonial

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