Internal Controls and Fraud Detection CPE

Course: Internal Controls and Fraud Detection

Course ID:AACDPICF9

CPE Hours: 9.5

Format: PDF

Course Description:

This course covers the essential tools you need to perform internal-control related services. It will take you through your clients’ responsibility to design and implement programs and controls to prevent, deter, and detect fraud. It touches on internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act. The course also covers Management’s Antifraud Programs and Controls and the risk factors included in SAS No.99. The course provides useful indicators and checklists such as indicators of financial crime, the acfe’s fraud prevention checkup, internal control assessment form, computer applications checklist, and financial reporting information systems and controls checklist.

Price: $90.00

Delivery: Internet/Interactive

Learning Objectives:

After completing this course, you should be able to:

List the purposes of internal auditing.
Describe the stages in the audit process.
Explain the various types of auditing, including compliance auditing and management auditing.
Identify the five components of internal control.
Discuss the audit control environment.
Outline what the internal audit report involves.
Outline the cycle approach to internal control.
Describe the implication and significance of the Sarbanes-Oxley Act.
Demonstrate what is meant by “internal control over financial reporting" in accordance with Section 404 of Sarbanes-Oxley.
Differentiate between the new reporting model and historical reporting
Outline sample audit programs for balance sheet, income statement, and cash flow accounts.
explain Sas 99—Consideration of Fraud in a Financial Statement Audit.
Describe management’s antifraud programs and controls and the risk factors included in sas No. 99.
Identify risk factors relating to misstatements arising from fraudulent financial reporting.
List risk factors relating to misstatements arising from misappropriation of assets.
Apply some of the techniques for fraud prevention.
Define tests of controls.
Identify sampling risk and control risk.
Indicate some methods of choosing a random sample.
Distinguish between attribute sampling and variables sampling.
Explain discovery sampling.
Describe stratified sampling.
Differentiate between judgment (nonstatistical) sampling and statistical sampling
Discuss how to prevent fraud.
Differentiate between auditing and fraud examination.
Define forensic accounting and auditing.
Apply forensic accountants’ investigation procedures.
Summarize fraud symptoms.
Outline the use of technology in forensic accounting and fraud detection.
Demonstrate two actual cases of forensic accounting.
Describe the role of Certified Fraud Examiners (CFEs).

NASBA Category: Audit

Level: Basic

Prerequisites: None

Updated/Revised: January 2012

Price:

$90.00