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23WA-3369: What Does Fraud Look Like? (Webinar)

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

Tuesday, August 29, 2023
6:00pm - 7:50pm Central Time
2 CPE (2 technical)

The audit standards state that one of the reasons auditors fail to detect fraud is that they don't know what it looks like. Prior to the original SAS No. 82, Consideration of Fraud In A Financial Statement Audit, nowhere in any SAS was there a description of what fraud looked like. So, as they say, if you don't know what you are looking for, you can often look right at it and not recognize it! This presentation illustrates some of the more common indicators of fraud they most individuals would overlook unless they 1) knew what they were looking for and were 2) actually looking for it. Contrary to what the standards say about fraud being concealed, I have found that fraud is often laying on the table right in front of you; but no one has discovered it because they have no idea what the indicators of fraud are.

Major subjects

  • Why auditors fail to detect fraud
  • Usual vs. an unusual transaction
  • Why fraud and stupid often look exactly the same
  • The importance of establishing the Perception of Detection
  • The number one reason fraud occurs
  • Looking for things that should be there
  • Looking for things that should not be there

Learning objective(s)

  • Recognize the indicators of fraud
  • Develop and maintain a questioning attitude at all times Analyzing the importance of professional skepticism
  • Understanding the fraud triangle and what segment management can control Illustrate
  • The Perception of Detection Assessing how much we rely on documentation and why we really ask for it

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.