Page 36 - Verracy's 2019 Course Catalogue

Conducting Fraud Risk Assessments Auditing for Accounting Fraud
Successfully

FR-105 16 FR-106 16

CPEs CPEs

All organizations are subject to fraud risk. Association of This course will provide an overview of accounting fraud,
Certified Fraud Examiners (ACFE) studies show that an average including how it is committed and the motivation behind it.
of 5% of revenue is lost to internal fraud schemes. No two org- Participants will gain the fraud knowledge and forensic account-
anizations are the same and specific fraud risks and exposures ing techniques necessary to identify fraud in various areas of
are unique to each organization. To know the fraud risks your accounting, including financial statement fraud, within their
organization may susceptible to, a Fraud Risk Assessment must organizations. Real-life comprehensive fraud case studies and
be conducted. Understanding how to properly identify and the forensic accounting and fraud examination techniques used
assess fraud risk helps an organization develop and implement to identify and quantify the frauds will be used throughout the
an effective fraud program that reduces the potential financial, course to further the learning process. Participants will work
reputational, and organizational risks associated with fraud. through fraud case study examples and exercises.

This course will help individuals learn the skills necessary to This interactive course will be taught through a combination
drive, implement, and execute an effective Fraud Risk Assess- of lecture, case studies, group exercises, and class participation.
ment as part of an overall Fraud Risk Program using lecture,
case studies, best practices, and exercises.

What You Will Learn: What You Will Learn:
• Learn how to conduct a Fraud Risk Assessment • Recognize the most common accounting fraud schemes
• Understand basic fraud concepts – fraud triangle, fraud • Identify the red flags of accounting fraud
tree • Detect fraud using forensic accounting and audit proce-
• Learn to identify and assess risks dures
• Identify best practices in Fraud Risk Assessment • Understand the emerging issues and the fraud implications
• Learning to utilize appropriate frameworks for assessing in financial reporting
fraud risks • Understand fraud fundamentals used to identify fraud
• Use of commonly used framework, scorecards, and within your organization
reporting templates • Know and understand the fraud tree schemes and how they
manifest as fraud scenarios in your organization
• Understand the characteristics of fraudsters to identify
potential high-risk departments or individuals

Group Live | 2 Days | Intermediate | Auditing Group Live | 2 Days | Intermediate | Auditing
Who Should Attend: Internal Audit, Accounting & Operations Who Should Attend: Internal Audit and Accounting Staff &
Staff & Management Management
Prerequisites: Professionals with at least 2 years of experience Prerequisites: Auditors with at least 2 years experience