Fraud Auditing for Internal Auditors

Seminar Overview

A One-Day Overview of the Basics of Fraud Auditing and Fraud Red Flags

All auditors should have basic fraud knowledge to meet their obligation as an auditor. In this day long course, attendees will focus on the basics of fraud auditing, including monitoring activities, understanding the nature of fraud and how it occurs, internal audit’s role in detecting fraud and fraud red flags.

Learning Objectives

• Attendees will learn how to identify fraud risk and appropriate tools and techniques
• Attendees will learn how to apply critical thinking skills to fraud situations
• Attendee will learn how to identify fraud through fraud indicators
• Attendees will discover how fraud occurs and the characteristics of a fraudster

Who Should Attend

Financial, Operational, and Information Technology Auditors wanting the basics of fraud training.

Agenda

I. Fraud Overview
a. What is Fraud?
b. What are Fraud Indicators?
c. Who are the main fraudsters?

II. Profile of a Fraudster
a. Describe and identify who commits fraud
b. Define the components of the fraud triangle
c. Define the three steps in committing a fraud
d. Identify the motivations of a fraudster

III. Proactive IA Approach to Fraud

IV. Types of Fraud/Preventative Controls and Strategies By Financial Statement Category

V. Financial Statement Fraud
a. Analytical Techniques
b. Red Flags

VI. Fraud Auditing Techniques

VII. Create monitoring activities based on tests and findings

VIII. Other Fraud Issues/Hot Topics