Fraud Risks When Conducting Remote Audits (Completed)
Date: Wednesday, September 28, 2022
Instructor: Robert K Minniti
| Begin Time: |
12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
With the COVID-19 pandemic, government shutdowns of businesses, employees working from home, inability to conduct site visits, and social distancing, what fraud risks should auditors consider when planning and conducting an audit in today’s world? What additional fraud risks exist for observing inventory and verifying fixed assets? What are the additional risks when you cannot be onsite for the audit? What are the risks when employees are working from home? How do you conduct walkthroughs and interviews in a COVID-19 environment? This session is designed to explore these issues and discuss audit procedures that can help to mitigate these fraud risks. We will also discuss possible disclosures that may need to be added to the audit report for work arounds or scope limitations.
Who Should Attend
CPAs, CFEs, CMAs, CIAs, MAFFs, CGMAs, CFOs, directors, department managers, auditors, bookkeepers, staff accountants and others working on an internal or external audit team.
Topics Covered
- Explore remote audit issues
- Audit procedures that can help to mitigate these fraud risks
- Discuss possible disclosures that may need to be added to the audit report for work arounds or scope limitations
Learning Objectives
- Identify fraud risks that could arise when conducting remote audits
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
