Recognizing and Responding to Fraud Risk in Governmental and Not-for-Profit Organizations

Description

Recognizing fraud risks in governmental and not-for-profit organizations is often challenging due to the inherent nature of these organizations. In addition to their public nature, these organizations may have limited support staff or staff with limited accounting expertise which can result in less than effective fraud prevention and detection programs and/or increased opportunities for fraud. Using a combination of examples, explanations of audit standards, and case studies, obtain an understanding of the frauds most commonly perpetrated in government and not-for-profit organizations and what prevention and detection procedures are effective in responding to these fraud risks. This course also discusses how auditors might address their responsibilities with respect to fraud in a financial statement audit of governmental and not-for-profit organizations.

Learning Objectives
  1. • Distinguish common fraud schemes often perpetrated in governmental and not-for-profit organizations.
  2. • Identify the auditor’s responsibility with respect to fraud in a financial statement audit.
  3. • Choose strategies to prevent, deter, and/or detect fraud in governmental or not-for-profit organizations.
  4. • Determine audit procedures effective in addressing the risk of material misstatement due to fraud in the financial statements of governmental and not-for-profit organizations.
Major Topics
  1. • GAAS and GAGAS standards related to the auditor’s responsibility with respect to fraud in a financial audit
  2. • Recognize areas where fraud most likely occurs in governmental and not-for-profit organizations
  3. • Fraud programs and controls that may be effective in addressing fraud risks in governmental and not-for-profit organizations
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Government
Nonprofit / Not-For-Profit
CPE Field of Study
Auditing (Governmental)
8
Who Should Attend
Auditors and financial staff of governmental and not-for-profit organizations
Instructor(s)
Daniel Bradley
Prerequisites
Knowledge of government and not-for-profit sectors
Location

Loyola Graduate Center, 2034 Greenspring Dr Timonium, MD 21093

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When
Apr 26, 2018
8:00 am - 3:30 pm
Location
Loyola Graduate Center, 2034 Greenspring Dr Timonium, MD 21093
Total CPE Credits
8
Format
In-Person
Instructor
Daniel Bradley

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Recognizing and Responding to Fraud Risk in Governmental and Not-for-Profit Organizations


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