Auditing for Internal Fraud




CPE Credit: 16
Course Level: Basic
Prerequisite: None

As an auditor, finding fraud is part of your professional responsibility. Auditing for Internal Fraud will help you develop and sharpen your existing skills and teach you the techniques necessary for effective fraud detection. During the two-day course, you will explore the challenges that auditors traditionally face in identifying fraud and learn the fundamentals of auditing for fraud, with an emphasis on understanding the common schemes, detection techniques and methods of preventing occupational fraud.


Upcoming Courses 
New York, NY | March 27-28, 2017
Frankfurt, Germany | September 7-8, 2017

You Will Learn How To:  

Identify the types, costs and red flags of common internal fraud schemes, including: 

Financial statement fraud 

Bribery and corruption  

Asset misappropriation  

Recognize the auditor’s fraud-related responsibilities in audit engagements and avoid potential malpractice 

Identify and avoid the obstacles auditors often face in finding fraud  

Define and strengthen the traits necessary to apply professional skepticism

Employ strategies to overcome bias during audits

Effectively assess an organization’s fraud risks  

Apply data analysis techniques to find fraud 

Implement mechanisms to prevent occupational fraud

Who Should Attend:  

Controllers and corporate managers 

CPAs, CAs or equivalent 

Forensic and management accountants 

Internal and external auditors

Certified Fraud Examiners and other anti-fraud professionals 


Ethics Icon  This course satisfies the ACFE’s requirement of two Ethics CPE hours per year. To read more about the Ethics CPE requirement for CFEs, please visit 

Members: $695
Non-Members: $845 

*Pricing listed is for U.S. events. International event pricing may vary by location. Please view the individual event page for International pricing.


CPE Credit



Field of Study


Course Level



Advanced Preparation 



Delivery Method 


Full Course Outline

Auditing for Internal Fraud 

*Please note: Schedule listed is for U.S. and Canadian events. All events outside of the U.S. and Canada are pushed back 30 minutes with registration beginning at 8:00 a.m. and the last session ending at 4:55 p.m. 




7:30 a.m. - 8:00 a.m.  

Registration & Continental Breakfast  

Continental Breakfast  

8:00 a.m. - 9:20 a.m.  

Introduction to Auditing for Fraud  

In this opening session, you will learn what fraud is (and what it isn’t), the impact of fraud on organizations, red flags that might indicate the presence of fraud and how to proactively plan the audit to detect fraud. 

Finding Fraud Using Data Analytics   

As the amount of data generated by organizations has increased, so has the importance of data analytics to the audit and fraud detection processes. In this session, you will learn about different types of data analysis techniques and how to apply them to uncover the red flags of fraud. You will also explore how to implement a formal data analysis process, beginning with proper planning and preparation, to ensure the results are as meaningful and accurate as possible. 

9:20 a.m. - 9:35 a.m.  



9:35 a.m. - 10:55 a.m.  

Understanding Auditors' Fraud-related Responsibilities 

This session will cover the professional standards that define the responsibilities of both external and internal auditors with regard to fraud detection and prevention. It will also explore the auditors’ ethical obligations related to fraud.

Financial Statement Fraud and Corruption 

In order to detect fraud during an audit, the auditor must be thoroughly familiar with the methods used by fraudsters. This session covers the two most costly forms of fraud: financial statement fraud and corruption. You will learn about common financial statement manipulation and corruption schemes employed by fraudsters, their red flags, and methods to detect them.   

10:55 a.m. - 11:10 a.m.  



11:10 a.m. - 12:30 p.m.  

Where Were the Auditors?  

History is full of stories of large frauds that slipped by the auditors’ watch. In this session, you will discuss critical skills that are needed to effectively detect fraud during an audit, the expectations gap, and other challenges that often hinder auditors’ effectiveness in detecting fraud. You will also explore some real-life examples of frauds that were missed by the auditors.

Asset Misappropriation  

This session is spent discussing schemes used by fraudsters to steal cash and other assets from their employer. You will learn about schemes involving skimming, cash larceny, check tampering, false billing, fraudulent register disbursement, expense reimbursements, payroll, inventory theft and asset misuse.

12:30 p.m. - 1:30 p.m.  

Group Lunch  

Lunch on Own 

1:30 p.m. - 2:50 p.m.  

Enhancing Skepticism and Overcoming Bias 

Professional skepticism forms the foundation of effective fraud detection during an audit. But what does a skeptical mindset look like in practice? In this session, you will learn about the traits characteristics that are required to exercise professional skepticism, as well as how to overcome some challenges in doing so. You'll also discuss numerous forms of bias that auditors often inadvertently bring to an engagement and ways to proactively minimize the effects of those perspectives.

Interview Techniques 

There is more to auditing for fraud than reviewing source documents and schedules. Fraud examiners might need special training in effective communication techniques, such as how to craft appropriate interview questions and how to spot signs of deception. That's what you'll learn in this session and more. 

2:50 p.m. - 3:05 p.m.  



3:05 p.m. - 4:25 p.m.  

Conducting a Fraud Risk Assessment

This session will explore the reasons for conducting fraud risk assessments and what makes a fraud risk assessment successful. It will also cover how to develop and execute an effective fraud risk assessment as a part of an audit and how to report and use the results of the assessment to make an impact within the organization

Prevention of Occupational Fraud  

Auditors can provide valuable help to organizations in designing an effective fraud prevention program. This session introduces you to key fraud prevention approaches and provides you with practical solutions to help your organization or your client reduce its losses due to fraud.


Event Details 



Event Cancellation Policy 

Our cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc. you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee.


Satisfaction Guarantee 

ACFE seminars are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at or call (800) 245-3321 / +1 (512) 478-9000.


NASBA CPEThe Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


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