Auditor Responsibilities Re: Fraud (FRAUD)
This course is designed for all auditors and all other personnel interested in preventing or detecting fraud that could have a material effect on the financial statements.
The course emphasizes the use of proper internal control procedures for fraud prevention and detection.
The course carefully distinguishes between "auditing" and "fraud auditing" and establishes the parameters for each.
It defines the responsibilities of the auditor with respect to material fraud.
It provides an excellent review of responsibilities set forth in AICPA Statement on Auditing Standards AU-C, Section 240, Consideration of Fraud in a Financial Statement Audit.
The course explores fraud deterrence, detection, investigation and reporting.
It clarifies the relationship between internal control and fraud, including Treadwav Commission and COSO, FDICIA and SOX considerations.
It provides excellent practice aids such as checklists for fraud characteristics, and fraud detection questionnaires.
It provides specific fraud detection audit procedures for various types of frauds.
This course is an excellent summary of fraud and the auditorís responsibility with respect to fraud.
Category: Auditing- Internal & External