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  • Accountant
  • CPA (CA)
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  • CIA
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  • CWS

Published: May, 2022

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • IIA fraud definition
    5 mins
  • ACFE report to the nations 2020 global study on occupational fraud and abuse
    10 mins
  • Fraudulent financial statement reporting
    18 mins
  • Auditors responsibility
    39 mins
  • Whistleblower hotline features
    46 mins

Course Description

Fraud is a threat to every organization.

It can cost millions of dollars. And as an auditor, we have to constantly be on the lookout for it. Every major audit standard has some kind of fraud provisions that auditors are required to follow. You can’t get around it. It starts with the planning process and carries throughout the audit engagement. Every auditor should be familiar with the key fraud red flags and the major fraud schemes. 

Every internal auditor is required to look for indicators of fraud in every audit engagement. Every major audit association has a standard that speaks to fraud and how the auditor should handle it. That means that the auditor should be aware of the various audit schemes and what to look for.

The speaker in this CPE webinar on fraud will discuss the various fraud schemes and the departments where they are likely to be found. 

This course offers information to assist audit professionals in looking for and addressing frauds in their organizations. It will look at various audit standards internal auditors are required to follow and the Fraud Triangle that gives the three factors for committing fraud. There are three major fraud schemes and several sub-schemes. The course will look at the various audit tests to identify possible audit tests for the various fraud schemes. The Association of Certified Fraud Examiners issued a comprehensive report on worldwide fraud.  

Attendees in this CPE Auditing webinar will look at some of the key findings including the likely persons to commit frauds, the departments where frauds are likely to be committed, the schemes use, and the fraud red flags to look for. They will also look at the various possible audit tests to be done for the various audit schemes.

Learning Objectives

  • To discuss Audit standards relative to fraud.
  • To analyze the factors that lead to fraud.
  • To discuss the three major fraud schemes and the key sub-schemes.
  • To inspect audit tests for various fraud schemes.
  • To analyze key survey information on fraud.
  • To inspect the likely persons to commit frauds.
  • To investigate the likely areas where frauds are committed.
  • To explain the likely schemes they use.
  • To analyze how to look for red flags.

Recommended For

  • This Online CPE Webinar is recommended for CPAs, CIAs, QIALs, IAPs, CRMAs, CFFs, CFEs, MAFFs, Internal Auditors, External Auditors, Staff Auditors, Government Auditors, Compliance Officers, CFOs, and other professionals involved in the implementation and review of internal controls for the prevention and detection of fraud.

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Auditors
  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • Fraud Analyst
  • Fraud Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookeeper
  • 1 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 1 CPD Credit of Audit and Assurance for Chartered Professional Accountant (CPA Canada)
  • 1 CPD Credit of Fraud prevention, detection and response for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Fraud Risk Assessment for Certified Fraud Examiner (CFE)
  • 1 CPE Credit for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Fraud risks for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Fraud for Certified Valuation Analyst (CVA)
  • 1 CPE Credit for Internal Audit Practitioner (IAP)
  • 1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit for Master Analyst In Financial Forensics (MAFF)
  • 1 CRE Credit for Certified Treasury Professional (CTP)
  • 1 CPE Credit of Fraud for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CPD Credit for CA - ICAEW
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • 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

Jonnie Keith, CIA, CFE, CGAP

Auditor, JonSherr Ent.

Mr. Keith has over 50 years of audit experience and served as the Chief Audit Executive for the Metropolitan Atlanta Rapid Transit Authority (MARTA) for 12 years before his retirement in 2012.  His other audit experience includes serving as Operational Audit Manager for five years and was a Senior Auditor in the Contract Compliance Audit Branch at MARTA.  He was also a Senior Auditor at Norfolk Southern Railway, and a Bank Examiner at the Federal Reserve Bank of Atlanta. 

As the Chief Audit Executive for MARTA, he was responsible for administering the overall audit activities for the Department of Internal Audit including:

  • Providing the Board of Directors, the GM/CEO, MARTA Senior Management and appropriate government entities with independent analysis, appraisals, and recommendations concerning operational, information technology, contract compliance, and financial audits.
  • Directing the day-to-day activities for three audit managers, 12 auditors and the audit coordinator.
  • Developing an annual risk-based audit plan to maximize audit resources in addressing MARTA risks.
  • Assisting the Audit Committee Chair with the quarterly Audit committee meetings.
  • Developing and operating within the approved audit budget; and
  • Assisting the Board, the GM/CEO, and Management in other areas as necessary and requested.

He was a volunteer seminar instructor for the Institute of Internal Auditors. Some of the courses taught included: 

  • Writing Effective Audit Reports
  • Tools and Techniques for the Beginning Auditor
  • Communication Skills for Auditors
  • Leadership Skills for the Auditor-In-Charge
  • Audit Project Management
  • CIA Review Course

He has written three IIA Magazine articles including:

  • Killing the Spider, April 2005
  • Producing Quality Audit Reports, August 2018
  • Write Effective Audit Objectives, June 2020

He has provided training for the Association of Certified Fraud Examiners Annual Conference:

  • 2018 Bulletproofing Your Fraud Reports
  • 2019 Writing Effective Fraud Findings

He currently teaches audit webinars, including:

  • How to Write Effective Audit Observations
  • How to Put the Quality in Audit Reports
  • What It Takes to Be the Auditor-In-Charge
  • Report Writing Techniques for Audit Professionals
  • How to Assess Risks and Evaluate Controls

He has a degree in Economics from Clark Atlanta University.  His certifications include Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), and Certified Government Auditing Professional (CGAP).

Mr. Keith has been married over 50 years.  He also co-authored a book with his wife on marriage entitled “Tied Together – The Marriage Trinity”.  He has two daughters and five grandchildren. 

Faq

FAQs content

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Ratings and Review

4.4

8 Ratings

Excellent

4

Very Good

3

Average

1

Poor

0

Terrible

0

BCSS

Brian C. Smith Smith, CPA (US)

May 19th, 2022

A lot of slide reading - I would have much preferred if he gave examples and expounded upon the slides rather than reading them for me.

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