This course provides a clear, practical, and up to date exploration of the auditor’s responsibilities related to fraud and noncompliance with laws and regulations (NOCLAR). Participants will examine AU C Section 240, the proposed AICPA standard *Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements*, and the NOCLAR provisions within the AICPA Code of Professional Conduct.
Using real world examples, and regulatory enforcement themes, attendees will learn how to identify red flags for fraud, evaluate fraud risk factors, respond to suspected noncompliance, and fulfill communication and documentation obligations. The program also explains how whistleblower activity and increasingly complex regulatory environments impact audit risk and fraud detection responsibilities.
Publication Date: September 2026
Designed For
This course is ideal for professionals responsible for assessing, detecting, or responding to fraud or noncompliance during assurance engagements
Topics Covered
- Overview of AU C Section 240 and PCAOB AS 2401 requirements
- Fraud risk assessment procedures and red flag identification
- Common fraud schemes affecting organizations today
- Understanding and applying NOCLAR requirements
- The proposed AICPA standard: Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
- Documentation expectations and common deficiencies related to fraud procedures
- Communication responsibilities for fraud and NOCLAR matters
- Case studies involving fraud detection failures and successful auditor responses
Learning Objectives
- Identify common red flags, fraud schemes, and behavioral indicators associated with financial reporting fraud
- Explain the auditor’s responsibilities under AU C Section 240 and PCAOB AS 2401 for considering fraud during an audit
- Interpret and apply the NOCLAR rules within the AICPA Code of Professional Conduct
- Evaluate the new requirements proposed in the draft standard Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
- Differentiate between fraud and error, and identify factors that increase fraud risk, including tone at the top and organizational culture
- Design and document fraud responsive audit procedures aligned with professional standards
- Explain fraud related matters and suspected noncompliance appropriately to management, those charged with governance, or regulators
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.