New Staff: Practical Application- Fraud Considerations in a GAAS Audit

Overview

This CPE course can be purchased individually or as part of the Audit Staff Essentials - New Staff: Practical Application staff training bundle.

n this CPE courses, you will gain an overview of the various types of fraud schemes you may encounter as an auditor. Learn to spot signs of fraud and how to respond appropriately if you detect fraud during an audit.

Understand the entity's responsibilities for fraud awareness and prevention. And learn how audit data analytics can improve the audit with respect to fraud.

Highlights

Key Topics

• Fraud basics
• Statistics regarding fraud
• The audit process with respect to fraud
• Fraud schemes
• Defensive tools and approaches
• Encountering fraud
• Using audit data analytics

Prerequisites

None

Designed For

Who Will Benefit

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

Objectives

Learning Outcomes

• Identify the definition of fraud in a financial statement audit.
• Identify various dimensions and types of fraud.
• Identify appropriate responses to suspicions of fraud.
• Recognize the potential of audit data analytics in common fraud procedures.