Fraud Risk Assessment: Building a Fraud Audit Program

  Fraud Risk Assessment

By Leonard W. Vona, CFE, CPA 



Today's professional standards are requiring corporations, CPA firms and internal auditors to provide Sarbanes-Oxley and Public Company Accounting Oversight Board (PCAOB) regulators with assurance and opinions regarding fraud risk management and to incorporate fraud detection into their audit plan. But many auditors today are, unfortunately, ill-equipped on how to prevent or handle fraud.

Providing a comprehensive framework for building an effective fraud prevention model, Fraud Risk Assessment: Building a Fraud Audit Program presents a readable overview for developing fraud audit procedures and building controls that successfully minimize fraud. Author Leonard Vona, shows readers how to build a fraud model using a fraud risk assessment strategy that requires consideration of the fraud schemes, fraud concealment strategies, opportunity points and fraud motivation unique to their organizations.

Including important methods of responding to the risk of fraud and data mining for fraud schemes, Fraud Risk Assessment: Building a Fraud Audit Program also provides audit procedures and thoroughly examines topics including:


Fraud theory

Fraud audit

Fraud penetration risk assessment

Fraud in expenditure

Contract fraud


Travel expense fraud

Payroll fraud

Revenue fraud

Fraud control theory

Fraud investigation for the auditor


Locating fraud in today's business system is not an option but a requirement. Fraud Risk Assessment helps professionals to focus on using assertive fraud risk assessment to build audit programs that respond to the risk of asset misappropriation fraud.


Product Details:
Copyright 2008
ISBN 978-0-470-12945-6
Hardcover, 211 pages
John Wiley & Sons Publishing

Table of Contents:


Chapter 1: Fraud Theory

Chapter 2: Fraud Audit

Chapter 3: Global Risk

Chapter 4: Fraud Risk Audit Program

Chapter 5: Fraud Data Mining

Chapter 6: Fraud In Expenditure

Chapter 7: Contract Fraud

Chapter 8: Bribery

Chapter 9: Travel Expense

Chapter 10: Payroll

Chapter 11: Revenue Fraud

Chapter 12: Asset

Chapter 13: Fraud Control Theory

Chapter 14: Fraud Audit Report

Chapter 15: Fraud Investigation For The Auditor