Regardless of the service level provided to clients, many believe that a CPA's responsibility is fraud detection. Desperate individuals commit fraud, and diligently cover their tracks. Fraud can be quickly detected, and prevented, when alternative methods are applied.Explore fraud from the perspective of those who commit it. Learn what motivates them. Discover internal controls designed to address the motivation. We'll also address the signs of fraud, and the means by which the risk of fraud;particularly fraudulent misstatement of financial information;can be more narrowly identified to develop more focused control activities and audit procedures.
Recognize the nature and characteristics of fraud and how they are significant in relation to its prevention and detection. Determine what characteristics are likely to make internal controls more effective at fraud prevention. Identify where controls might be needed and how to develop controls that have a greater chance at being effective at prevention. Determine a methodology for developing audit procedures that more directly address areas representing greater risk.
Nature and characteristics of fraud Profile of the fraud perpetrator Internal controls for fraud prevention Fraud detection
CPAs and financial professionals.