Designing Internal Controls to Prevent & Detect Fraud
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This course is designed to assist accountants and auditors who are working with businesses, not-for profit organizations. The course is designed to assist accountants in developing good anti-fraud internal controls and to assist auditors in determining if anti-fraud internal controls are properly designed. We will discuss how to evaluate the effectiveness of the anti-fraud internal controls. Participants will be exposed to various fraud risk factors and examples of mitigating internal controls will be provided. We will discuss various anti-fraud laws.
Publication Date: July 2025
Designed For
This course would be appropriate for, CPAs, CMAs, CGMAs, CIAs, CFEs, CFFs, MAFFs, CFOs, CEOs, employees, staff accountants, managers, business owners, board members, and anyone who is interested in obtaining a basic understanding of designing anti-fraud internal controls.
Topics Covered
- Fraud Risks & Internal Controls
- Review of the Financial Statement Assertions
- Fraud Theories
- Internal Controls
- Evaluating Internal Controls
Learning Objectives
- Design internal controls to help prevent and detect fraud
- Identify the COSO Framework for Internal Controls
- Identify various anti-fraud laws
- Identify the need for internal controls
- Identify fraud risks
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
An understanding of the COSO Framework on Internal Controls
Advance Preparation
None
