All About Fraud - Examples, Prevention and Auditing

Overview

Fraud is constantly in the news. Whether it's employee retention credit mills, FTX, or the City of Dixon, it appears that fraud is everywhere. We'll start this session with a review of the common fraud schemes as identified in the 2024 Report to the Nations. We'll also review the commonalities of fraudsters. We'll then look at methods of prevention. We'll close with a look at the auditor's responsibility for the consideration of fraud in AU-C 240.

Highlights

• Auditing
• Yellowbook

Prerequisites

Prior experience with AU-C 315

Designed For

Accounting Professionals

Objectives

• Recall common fraud schemes
• Identify preventative measures to deter fraud
• Recognize recent frauds in the news
• Recall the data from the 2024 Report to the Nation
• Identify the responsibility of the auditor with respect to fraud

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.