Assessing Fraud Risks: Understanding Common Fraud Schemes ON DEMAND
Available Until
Your Desk
7.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Auditing can often feel like navigating through a maze, with the ever-present risk of fraud lurking around each corner. It’s a world where missing even the smallest detail can lead to significant repercussions. Understanding the intricacies of fraud is crucial for every auditor, but the complexity of fraud schemes and the legalities involved can be overwhelming. This course is the solution to this conundrum. Taught by Marshall Romney, this auditing CPE course provides a thorough walkthrough of the auditing process, emphasizing the identification and analysis of fraud. You’ll learn about real-life fraud cases, which will sharpen your skills in detecting and understanding fraud patterns. The audit CPE also delves into critical legal requirements for auditors, ensuring you’re well-versed in SAS No. 82, 99, and AU-C 240. By the end of this course, you’ll be adept at organizing and implementing effective audits, fully aware of your roles and limitations as an auditor.
Highlights
Fraud studies and statistics. Fraudulent financial reporting risk factors. Misappropriation of assets. Auditing. Identifying and assessing risks. Assessment results response. Revenue recognition fraud. Disclosure failures. Studying fraud schemes.
Prerequisites
None.
Designed For
CPAs, auditors, accountants, controllers, and financial professionals.
Objectives
Define fraud. List the conditions necessary to commit fraud. Identify the types of misstatements that occur when fraud is committed. Cite the requirements outlined in SAS No. 82 and 99 as well as AU-C 240, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Marshall Romney, Marshall B Romney & Assoc
Marshall Romney, CPA, is a Professor of Accounting at Brigham Young University. He holds a Bachelor’s and Master’s degree from BYU and PhD from the University of Texas at Austin. He was an auditor with a national CPA firm. Marshall has published many articles and manuscripts in academic and professional journals and is the coauthor of eight books. He is the recipient of numerous research grants for CPA firms, the Institute of Internal Auditors, and the American Accounting Association. Marshall has presented papers at professional conferences and has given many speeches and radio and television interviews on the topic of fraud and white-collar crime. He has also developed computer training courses for CPA firms, IBM, the FBI, and several universities. Marshall is a member and past president of the Information Systems/Management Advisory Systems section of the American Accounting Association. He was an advisor to the National Commission on Fraudulent Financial Reporting.
Non-Member Price $113.00
Member Price $98.00