Audit for Fraud

Price: $29.85

CPE Credits: 3.0

Category:

Course Number: AUFRAUSB

audit fraud

Description:
This course shows the auditor how to detect fraud. It does so by discussing fraud risk indicators and other clues indicating the presence of fraud and itemizes the many extended audit procedures that can be used to detect traces of fraud. The course also notes who is responsible for fraud prevention and detection and covers the different ways in which financial statements can be fraudulently misstated. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: January 2018
Format: PDF
Pages: 63

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • • Recognize the components of the fraud triangle.
    • Recognize who is responsible for fraud prevention and detection.
    • Understand the reasons for professional skepticism in the conduct of an audit for fraud.
    • Describe how to communicate to the client a discovery of fraud.
    • Recognize the situations that create pressure for a client to falsify its financial statements.
    • Note the different types of scams that can be used to inflate the reported level of sales.
    • Describe how to alter the outcome of the receivables turnover measurement.
    • Cite the circumstances under which a client would want to recognize a large loss reserve.
    • Recognize the methods that can be used to shift expenses into a later period.
    • Cite the ways in which liabilities can be artificially lowered.
    • Note the primary goal of mis-reporting cash flows in the statement of cash flows.
    • Describe the most appropriate audit team staffing when fraud is suspected.
    • Recognize the characteristics of a fraudulent journal entry.
    • Describe the techniques that can be used to alter a document to cover up a fraud.
    • Note the methods available for tracking down the theft of cash.

Description:
This course shows the auditor how to detect fraud. It does so by discussing fraud risk indicators and other clues indicating the presence of fraud and itemizes the many extended audit procedures that can be used to detect traces of fraud. The course also notes who is responsible for fraud prevention and detection and covers the different ways in which financial statements can be fraudulently misstated. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: January 2018
Format: PDF
Pages: 63

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • • Recognize the components of the fraud triangle.
    • Recognize who is responsible for fraud prevention and detection.
    • Understand the reasons for professional skepticism in the conduct of an audit for fraud.
    • Describe how to communicate to the client a discovery of fraud.
    • Recognize the situations that create pressure for a client to falsify its financial statements.
    • Note the different types of scams that can be used to inflate the reported level of sales.
    • Describe how to alter the outcome of the receivables turnover measurement.
    • Cite the circumstances under which a client would want to recognize a large loss reserve.
    • Recognize the methods that can be used to shift expenses into a later period.
    • Cite the ways in which liabilities can be artificially lowered.
    • Note the primary goal of mis-reporting cash flows in the statement of cash flows.
    • Describe the most appropriate audit team staffing when fraud is suspected.
    • Recognize the characteristics of a fraudulent journal entry.
    • Describe the techniques that can be used to alter a document to cover up a fraud.
    • Note the methods available for tracking down the theft of cash.
  • “Excellent Regulatory Review Course. The self-study format (E-Book) provided an excellent overview of the regulatory requirements for California CPAs. I will be using the E-Book as  a reference material. Thank you for providing a very comprehensive yet affordable option for this required CPE.”

    - Constance

  • Your website was easy to navigate and informative.” “This was my first use of your resources but I’m sure it won’t be my last. Thank you for your excellent course material and succinctly stated instructions which expedited order and payment of course selection, completion of exam, and immediate availability of Certificate of Completion. A great experience. Thanks.

    - Draper

  • “It is rare that i can actually say that I enjoyed a CPE course but I found this one informative and very interesting, relying more on the author’s examples and not just quoting tax code!  [Healthcare Reform: The affordable Care Act Tax Provisions]

    - Thomas