Fraud potentially affects almost every organization to some degree and, regardless of the type or level of service a CPA is engaged to provide, clients, financial statement users, and others consider the detection of fraud to be the accountant’s responsibility. Employee fraud is a particular problem and when it is detected by the client, it is not unusual for that client to initiate some action against the CPA.
This cvourse explores fraud by identifying the characteristics of different types of fraud perpetrators and the types of controls that might be most effective for each type. Each key concept will be reinforced by referring the facts in various actual cases and evaluating the types of controls that might have prevented the fraud from occurring, what types of controls might have detected the fraud, and the nature of audit procedures that might also be effective for detection.
PICPA Member: $129
Nonmember: $179
Course No. 4192789D Level: Overview
Prerequisites: A basic understanding of the accountant's responsibility for fraud, based on the role of the individual, and professional skepticism allowing for the possibility that any client is capable of committing fraud.