Fraud Evaluations: A Guide for The Compliance Professional
Author: Lynn Fountain
| CPE Credit: |
2 hours for CPAs |
The topic of fraud continues to be on the radar of investors, shareholders, and regulators. Despite a Kroll Advisors survey showing a decrease of corporate fraud incidents in recent years, new fraud methods are continually being devised and identified thanks in large part to advances in technology and IT infrastructure.
Compliance professionals and auditors are not expected to have the expertise of forensic investigators, but should have working knowledge of the aspects of fraudulent activities and maintain a skeptical mind when it comes to reviewing potential violations.
This course, led by internal audit expert Lynn Fountain, provides a practitioner's perspective of what your company should include in their internal audit programs and compliance processes to mitigate and avoid fraud.
Publication Date: February 2024
Topics Covered
- The psychology of fraud and connection to the fraud triangle and fraud diamond
- COSO 2013 fraud concepts
- Executing responsibility for fraud processes
- Considerations for reporting procedures when fraud is identified
- Fraud Trends for the Future
Learning Objectives
- Identify the attributes of fraud
- Identify 5 Control Environment principles that can be connected to the need to evaluate for fraud
- Recognize how to utilize professional skepticism when evaluating for fraud
- Identify the type of crime that includes offenses such as environmental pollution, tax evasion, and copyright infringement
- Identify the meaning of “D” in the FRAUD acronym
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
