Page 14 - Verracy's 2019 Course Catalogue

Catching the Bad Guys: New Audit Tools & Techniques
Embedding Fraud Detection in Internal Audit

FR-101 16 IA-114 32

CPEs CPEs

Auditors today are expected actively participate in prevention New auditors need to start somewhere, start here! This course
and detection of fraud in their organizations. A traditional audit covers the fundamentals needed for a new auditor to be
catches less than 4% of existing frauds because audits are de- successful and immediately start contributing. The entire audit
signed to test effectiveness of controls and evaluate operating cycle will be reviewed from planning to report issuance to
efficiency, not find fraud. Embedding fraud awareness, preven- post-audit follow up. New auditors will gain an understanding
tion and detection into auditing requires understanding fraud of governance, internal control environments and frameworks
and fraudsters. as well as client relationships. Participants can expect to gain
insights and techniques they can apply immediately.
This course provides the fundamentals for developing fraud
audit programs and incorporating fraud detection into the stan- This course is designed for internal auditors with 0-3 years’
dard auditing process. This in-depth course looks at the fraud experience who want to learn tools and techniques to build or
tree and covers common fraud schemes and scenarios to provide improve their audit skills. The course is taught with an inter-
the participants with the knowledge needed to start implement- active approach through a combination of lecture, discussions,
ing fraud detection into their audit processes immediately. small group and individual exercises and real-world case
studies.
This interactive course will be taught through a combination of
lecture, group exercises, and class participation.

What You Will Learn: What You Will Learn:
• Understand fraud fundamentals – fraud triangle, fraud tree • Identify the core elements of the International Professional
• Common fraud schemes and scenarios Practices Framework (IPPF)
• Characteristics of fraudsters • Identify the components of the COSO Internal Control
• Knowledge of Prevention and Detection Programs for fraud Framework
• Implementing fraud auditing techniques into an audit • Roles and responsibilities of audit staff & management
and the auditee
• Understand the components of the audit planning
• Learn effective interviewing skills
• Identify best practices for conducting an audit risk assess-
ment, walkthrough, and audit program development
• Understand process documentation methods
• Learn best practices for audit observations and findings
and recommendations
• Understand what makes for effective reporting
Group Live | 2 Days | Intermediate | Auditing Group Live | 4 Days | Basic | Auditing
Who Should Attend: Internal Audit, Accounting & Operations Staff Who Should Attend: Internal Audit Staff & Management
& Management Prerequisites: None
Prerequisites: Auditors with at least 2 years experience