Basic Staff Training: Cash & Related Fraud Risks Audit Concepts
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
Are you going to perform an audit on cash and cash functions? Whether you are a new auditor or just need a refresher on this topic this course is for you. We will review the auditing standards and look at best practices for auditing the cash function. We will review cash-based frauds that auditors should be aware of.
From an audit procedure standpoint this course will also focus on the techniques and documentation needs that staff accountant needs to know. In addition, the course will offer practical advice to the senior accountant overseeing the audit on appropriate supervision and review techniques. Many auditors are so busy they don’t have the time to understand the concepts behind the audit procedures being performed in a given audit area. This course is an audit concepts course that takes the participants on a journey that links the audit procedures to the audit standards. The course will also offer practical ideas on how to make the audit area procedures more efficient while maintaining the audit quality.
Publication Date: January 2023
Designed For
null
Topics Covered
- A Review of the Auditing Standards
- A Review of the Financial Statement Assertions
- Fraud Review
- Cash & Related Fraud Risks
- Audit Procedures
Learning Objectives
- Identify cash and related fraud risks
- Identify audit procedures for detecting cash and related fraud schemes
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
