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| Author : | Colten Christensen, Author |
| Course Length : | Pages: 43 ||| Word Count: 14,468 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.0 |
| IRS Credits : | 0 |
| Price : | $17.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Auditing - Auditing for Course Id 1883 |
| Description : | In every audit, the auditor is required to specifically assess the risk of material misstatement of the financial statements due to fraud. Auditing for Fraud is a course that examines the types of fraud considered by auditors when auditing financial statements: fraudulent financial reporting and misappropriations of assets. This course describes the way auditors gather information to assess fraud risk in every audit and develop appropriate responses to identified fraud risks, after considering the effectiveness of management's antifraud programs and controls. This course focuses on the typical fraud techniques and highlights areas that are subject to greater risk of fraud. Once the auditor suspects fraud, it is their responsibility to gather additional evidence, often through inquiry. This course also describes the auditor’s responsible for making certain communications about suspected or detected fraud to senior management and the audit committee. |
| Usage Rank : | 69706 |
| Release : | 2022 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Financial Statement Manipulation
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 19-Feb-2024 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 1883 |
| Keywords : | Auditing, Fraud, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives At the end of this course, students will be able to:
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| Course Contents : | Chapter 1 - Auditing for Fraud Course Learning Objectives Introduction to Fraud Definition of Fraud Financial Fraud Fraudulent Reporting Asset Misappropriation Misappropriation Schemes Fraud Conditions Risk Factors for Financial Fraud Financial Fraud Incentives and Pressures Financial Fraud Opportunities Fraud Scheme Durations Attitudes for Fraud Risks for Misappropriation of Assets Misappropriation Incentives and Pressures Misappropriation Opportunities Misappropriation Attitudes Fraud Risk Assessment Applying Skepticism Question Everything Audit Evidence Evaluation Assessing Fraud Risks Audit Team Communication Management Examinations Risk Factors Leading to Fraud Perpetuation Analytical Procedures to Identify Unusual Events Considering All Evidence Assessing Fraud Documentation Organizations at Risk for Fraud Fraud Reported by the Government Size of Organization Varying Organizational Industries Reducing Fraud Risks Practicing Honesty Top-Down Management Establishing Positivity Employee Placement Employee Training Employee Confirmation Employee Discipline Fraud Risk Evaluation Fraud Risk Mitigation Continual Fraud Prevention Programming Directing Anti-Fraud Efforts Responsibilities of the Audit Committee Fraud Risk Responses Changing the Audit Applying Audit Procedures Management Overriding Possible Misstatement Within Journal Entries Possible Biases Significant Unusual Transactions Keep Updating the Assessment Process Areas of Fraud Risk Revenue and Manipulation Revenue Risk Creating Fictitious Revenues Recognizing Revenue Prematurely Manipulating Revenue Adjustments Revenue Fraud Symptoms Analytical Procedures as a Symptom Inconsistencies in Documentation Revenue Receipts Sales Not Recorded Cash Receipts Theft Revenue and Cash Receipts Misappropriation Fraud Risk Inventory Fraudulent Financial Reporting and Associated Inventory Risks Inventory Fraud Warning Signs Fraud Risks with Accounts Payable Accounts Payable and Fraudulent Financial Reporting Risk Payment Cycle Misappropriations Other Areas Susceptible to Manipulation Risks with Fixed Assets Risks with Payroll Expenses How Fraud is Initially Suspected Fraud Detection Discovery of Fraud Most Detection Comes from Tips More Effective Fraud Detection Fraud Reporting Mechanisms How Whistleblowers may Report Responding Misstatements Inquiry as an Evidence Gathering Technique The Varying Types of Inquiry Inquiry Responses Evaluation The Auditor as an Effective Listener Behavioral Cues Observation Additional Evidence Needed for Suspected Fraud Audit Software Expanding Substantive Procedures Considering Other Implications Glossary |
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Auditing - Fraud Investigating (2 Hrs) 