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Soup to Nuts: The Fraud Risk Assessment Process

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

Published: November, 2021

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

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Does your Organization Conduct a Fraud Risk Assessment? Why Not?
    2 mins
  • 2020 ACEF Report to the nations:
    36 mins
  • P8: Approach - Considering Approaches to Circumvent or Override Controls
    88 mins
  • Why Conduct an FRA?
    118 mins
  • Case Study - RAZZ Fraud Risk Assessment
    191 mins
  • Identifying Fraud Schemes
    220 mins
  • Information and Communication
    271 mins
  • Anti-Fraud Response
    293 mins

Course Description

Greed and work pressure are the most common factors pushing individuals and institutions to deceive. It is one or the other form of fraud. Every institution would like to eliminate such fraud as well as the possibility of fraud. However, identifying the fraud and factors that contribute to fraud is not very easy. This online CPE webinar is aimed to provide a basic to advanced understanding of the Fraud and fraud risk assessment process. 

Despite knowing the universal possibility of fraud, very few are ready to identify it as a real threat to the success of their business objectives. This Online CPE webinar identifies the issues from the various institutional perspectives and recognizes various approaches to recognize the principles that help restrict such chances. 

Association of Certified Fraud Examiners defines fraud as "deception or misrepresentation that an individual or entity makes knowing that the misrepresentation could result in some unauthorized benefit to the individual or to the entity or some other party." This Fraud and Forensics CPE webinar starts with identifying fraud, principles of various schools of thought to better perform internal control and risk assessment, and the use of data analytics. This webinar also covers a case study of South Carolina’s Statewide Procurement System in-depth to recognize various styles including fraud Risk assessment scorecard.

This online webinar is rich with group discussion, surveys result analysis, and various practical approaches that provide an interactive learning experience. With the learned speaker Danny Goldberg’s expertise on the subject matter, the webinar will provide a great experience of learning as a group activity. 

This Online Auditing CPE webinar covers the following Key Topics:

  • What is fraud? What is Fraud Triangle?
  • Findings from 2020 ACFE Report to the Nations
  • Purpose, need, and guidance for a Fraud Risk Assessment
  • COSO Principles on effective internal control and Risk Assessment
  • Enterprise anti-fraud maturity assessment model 
  • Data Analytics and Fraud prevention: Key controls to ensure minimizing the fraud risk
  • Fraud red flags and their identification
  • Fraud Risk Assessment of South Carolina’s Statewide Procurement System 

It is essential to understand for every business and professional practice that a sound corporate culture is a cornerstone of fraud deterrence and detection. This online CPE webinar helps the leaders set the right tone at the top of an organization.

Learning Objectives

  • To explore a basic understanding of the fraud and fraud triangle
  • To make inferences from the 2020 ACFE report for fraud 
  • To recognize the purpose and need of the fraud risk assessment in the modern business environment
  • To discover key points of guidance on fraud risk assessment
  • To recognize COSO principles for managing effective internal control and risk assessment
  • To identify enterprise anti-fraud maturity assessment model to ensure internal control
  • To explore data analytics for fraud prevention
  • To recognize key controls that can help minimize the fraud risk
  • To identify the key fraud red flags
  • To explore the points of consideration from Fraud Risk Assessment of South Carolina’s Statewide Procurement System

Recommended For

  • This online CPE webinar is recommended for CPAs, IAP, QIAL, CMA, CIA, CFF, CFE, CRMA, and other professionals who desire to minimize the fraud through the implementation of fraud risk assessment.
  • This CPE webinar is recommended for auditors in practice who desire to explore internal auditing as a practice.
  • This Special webinar is recommended for any business owners, CXOs, managers, and any other professionals who desire to explore the subjects of fraud and fraud risk assessment to better achieve organizational objectives.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Auditors
  • Certified Public Accountant (CPA)
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Fraud & Forensic Auditor
  • Risk Managers
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

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

Additional details

  • Course Level :
    Basic
  • Credits :
    6
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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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

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