Fraud: Essential Audit Tools (Completed)

This webcast will focus on the auditor's current responsibility related to fraud when conducting an audit under GAAS. Additionally, the most common fraud schemes will be explained to better equip the auditor to perform the required fraud risk assessment.

Who Should Attend
Practitioners who are responsible for planning or conducting audit engagements.

Topics Covered

• Integrating SAS No. 99 into the new AICPA Risk Assessment Model
• Assessing/responding to the risk of material misstatement due to fraud
• What to do when you or your engagement team uncovers fraud
• Prevalent fraud schemes
• Documentation examples and alternatives related to fraud risk assessment and corresponding responses

Learning Objectives

• Understand and implement the AICPA Audit Risk Assessment Model
• Gain an understanding of how SAS No. 99 is integrated into these new requirements
• Understand the concept of the "fraud triangle"
• Differentiate between detection and prevention controls
• Develop procedures to respond to any fraud risk you have identified

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (4 hours)

Program Prerequisites
None

Advance Preparation
None