SEC whistleblower reports are on the rise, auditors need to understand the requirements of AU-C Section 240 when planning and performing audits. Additionally the AICPA has updated its Code of Professional Conduct to include reporting requirements for noncompliance with laws and regulations (NOCLAR). This course is designed to review the auditors requirements for finding and reporting fraud and noncompliance, including ethical issues, when conducting an audit.
This course would be appropriate for CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, internal auditors, external auditors and others involved in the audit process.
Publication Date: September 2023
Topics Covered
- Fraud Review
- Reporting Fraud
- NOCLAR Rules
- Consideration of Fraud in a Financial Statement Audit
Learning Objectives
- Identify Red Flags for Fraud
- Identify the new NOCLAR requirements
- Identify Fraud Schemes that Affect Businesses
- Identify the most common way to discover fraud according to the ACFE
- Identify the theory that indicates that people are most likely to imitate the actions of their superiors
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.