REGISTER NOW CPA Day 2023, attend in-person, virtually, or both for this 2-day event. Coming together to promote & protect our profession

Auditing Fraud Risk in the Current Environment

Description

Gain an understanding of why auditors focus on fraud risk, where fraud may be more common, and steps to identify and respond to suspected fraud.Why do auditors focus on fraud risk? (bold)

An auditor is responsible for obtaining reasonable assurance that the financial statements as a whole are free from material misstatement, whether caused by fraud or error.

Further the risk of not detecting material misstatement due to fraud is higher than the risk of not detecting one resulting from error. This is because fraud may involve sophisticated and carefully organized schemes designed to conceal it, such as forgery, deliberate failure to record transactions, or intentional misrepresentations being made to the auditor.

This course will cover both the planning and risk assessment phases, identifying where fraud is commonly identified earlier in the audit process. Further, this course will examine other areas where fraud is commonly identified, from revenue recognition to liabilities, expenses and disclosures.

You’ll also learn how to prepare when fraud is identified.

Learning Objectives

•Recall why auditors focus on fraud

Major Topics

*Fraud in an audit

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
Accounting and Auditing
CPE Field of Study
Auditing
2
Who Should Attend

practitioners who perform audit engagements

Instructor(s)
Jennifer Burns Carl Mayes David Zweighaft
Prerequisites

none

Advanced Preparation

None

Location
Online – AICPA Platform
Event Information
When
Nov 3, 2022
1:00 pm - 3:00 pm EST
Location
Online – AICPA Platform
Total CPE Credits
2
Format
Webcast Replay

MEMBER


$ (% off)
$109.00

NON-MEMBER


$ (% off)
$131.00
Become A Member

Register for this Event

Auditing Fraud Risk in the Current Environment


Loading
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×