Description

Many auditors struggle with the link between audit design and fraud detection under SAS No. 99. This interactive course utilizes hands-on case studies based on real-world frauds to help participants carry out their financial statement fraud responsibilities. Auditors and corporate accounting and finance professionals will find this course relevant and timely. The course includes an overview of the auditor's responsibilities related to financial statement fraud under SAS No. 99 and clearly links these to the auditor's risk assessment process under the Risk Assessment Standards. In addition, the course includes information relevant to management's responsibility for fraud and internal controls under the COSO framework, PCAOB standards and other “best practices.” Cases address personnel fraud, revenue recognition, various financial statement manipulations, theft of capital assets, purchasing fraud and other common areas of interest.

Highlights

• Hands-on case studies covering common fraud activities
• SAS No. 99, Consideration of Fraud in a Financial Statement Audit
• COSO's Integrated Framework of Internal Control
• Assessing fraud risks under the Risk Assessment and other professional standards

Objectives

Upon completion of this course, participants will be able to:
• Grasp how real-world frauds may affect audit clients and engagements
• Link SAS No. 99, COSO, the Risk Assessment Standards and other best practices in understanding the auditor's responsibilities for detecting fraud during the performance of a financial statement audit
• Recognize and address common frauds committed within an organization