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21WA-0069: What Does Fraud Look Like? (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Monday, May 3, 2021
10:00am - 12:00pm Central Time
2 CPE (2 technical)

SAS No. 122, AU 240, Consideration of Fraud In A Financial Statement Audit states that auditors fail to detect fraud for two primary reasons: 1. They don't know what it looks like and, 2. They don't know how to look for it.

This presentation is designed to assist those attending to be able to identify the tell-tell indicators of fraud. What Does Fraud Look Like? I don't know ... but I'll know it when I see it. In order to first to be able to identify fraud, one must understand the entity and the environment that it exists in. After all, it is possible and indicator of fraud in one business would be a normal part of operations in another, and you have to know the difference.

Items that will be discussed include the importance of professional skepticism, what indicators of fraud to look for when examining documents; how to obtain information without asking questions; what to do when something just does not make sense and, understanding why individuals steal.

Major subjects

  • Auditing
  • Fraud

Learning objective(s)

  • To gain an understanding of the concept and nature of professional skepticism
  • How the type of entity and the environment if operates in by themselves create risks
  • Learn how to identify the more common indicators of fraud
  • Discover the difference between a usual and an unusual transaction
  • Recognize the two perpetrator behavioral red flags where one is present 70% of the time
  • Discover the important of the Town At the Top and how it relates to risks

Who should take this program?

External and Internal Auditors; Small Business Owners; Not For Profit Administrators

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Instructor Dennis Dycus, CPA, CFE, CGFM
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Auditing - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.