What Every CPA Should Know About Fraud 2024

Overview

External auditors only detect 3-5% of all fraud incidences. Get pragmatic guidance on detecting fraud. Discuss where fraud is most likely to occur. Learn to conduct inquiries and direct the audit in the areas of greatest concern, those most likely to be abused by perpetrators.

Highlights

• How is fraud detected?
• The role of external auditors in finding fraud
• Revenue recognition issues
• Corrupt management
• Data mining
• Physical and biometric controls

Prerequisites

Knowledge or experience in the field of Ethics comparable to the ethics exam required to obtain the CPA Certificate.

Designed For

Accountants, auditors and financial professionals.

Objectives

• Determine how is fraud detected
• Recognize the impact of professional pronouncements on finding fraud
• Identify the largest area of financial statement abuse
• Identify fraud in business
• Identify fraud prevention
• Recognize auditor liability and auditor defenses
• Identify recent litigation affecting the accountant's liability

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).