Course:  Fraud Audit Techniques Usng Excel

Author:Joseph Helstrom, CPA & Patricia McCarthy, MBA,MOS

Course ID: EXMCFAUDIT
CPE Hours: 2 
(1 Hr. Audit  & 1 Hr. Computer Science)

 Format: PDF and Excel exercise files

Price: $18.75
Sale:$9.38

Delivery: Internet/Interactive

Course Description:

Microsoft Excel provides some easy to use tools that can greatly enhance and expedite the fraud audit process.  With all detective work, you want to be able to sift through a large volume of data and utilize a tool that is adequately flexible for you to perform immediate investigations of anything questionable.  Excel provides a number of different tools however we are going to focus on a couple of extremely useful ones: Auto filter, Arrays as well as a couple of extremely useful functions that include WEEKDAY and MOD.

Another tool used in fraud audits that does not necessarily require Excel, but can be used in conjunction with Excel, is Benford’s Law.  Benford’s law is based on an observation that in certain large data sets, certain digits appear more frequently than others.  By comparing the distribution of first digits in some accounting data, this tool can assist you in determining where more investigation is necessary by helping to pinpoint where data may have been contrived through fraud.

Click here to see Table of Contents

This course provides step by step instruction and Excel practice exercises as well as answer files.

NASBA Category:
Audit (1 Hour)/ Computer Science (1 Hour)

Level: Intermediate (See Prerequisites)



Prerequisites: Excel 2007 is needed.
Knowlege of how to use basic formulas and functions
such as VLOOKUP is assumed. 

Learning Objective:
To improve your ability to sift through large volumes of data to determine the possibility of fraud.