Audit 201: Fraud Risk - Minimum Audit Requirements
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
Fraud Risk - Complying with Minimum Audit Requirements will highlight the audit procedures most effective in identifying, assessing and responding to fraud risk. The financial statement auditor’s overall responsibility is to obtain sufficient appropriate audit evidence to provide reasonable assurance as to whether the financial statements are materially misstated due to fraud or error. The difficulty is that there are inherent limitations related to detecting fraud due to deliberate schemes to conceal the intent to deceive, such as collusion. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
Upon completion of this course, you will be able to...
- Recall the various types of fraud relevant to a financial statement audit
- Recognize the symptoms of fraud and how to identify risk of material misstatement due to fraud
- Recall appropriate responses to identified fraud risk
- Identify the requirements related to fraud and noncompliance in various generally accepted auditing standards
Highlights
The major topics covered in this course include:
- The expectation gap with financial statement users regarding the auditor's responsibilities for preventing and detecting fraud
- Fraud inquiries and engagement team discussion points
- Fraud risk on an audit
- Testing journal entries and other tests for management override
- Required fraud and noncompliance communications by various auditing, including communications required by Government Auditing Standards, PCAOB Audit Standards, and International Standards on Auditing
Designed For
Appropriate for beginning or experienced staff auditors or any experienced professional who needs a reminder about fraud risk audit requirements.
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Jennifer Louis, Surgent McCoy CPE, LLC
Jennifer F. Louis, CPA has over 19 years of experience in designing and presenting high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organizational success. In 2003, she founded Emergent Solutions Group, LLC, a company dedicated to developing and delivering accounting and auditing training services. She was most recently executive vice president/director of training services at AuditWatch, Inc., a highly respected training and consulting firm serving the audit profession. During her six years at AuditWatch, Ms. Louis served in many other capacities, including vice president of product development, and a consultant for the firm’s Audit Productivity Improvement Program TM. She also coauthored a manual on value-added auditing. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.
Non-Member Price $124.00
Member Price $89.00