• On-Site Training Proposed Schedule 


    Auditing for Internal Fraud 



    DAY ONE  

    DAY TWO  

    7:30 a.m. - 8:00 a.m.  

    Registration - Breakfast Pastries  

    Breakfast Pastries  

    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, typical characteristics of fraudsters, and red flags that might indicate the presence of 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.

    9:20 a.m. - 9:35 a.m.  



    9:35 a.m. - 10:55 a.m.  

    Auditors' Fraud 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.

    Asset Misappropriations  

    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, larceny, check tampering, false billing, fraudulent register disbursement, expense reimbursements, payroll, inventory theft, and asset misuse.  

    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.

    Interviewing Techniques  

    There is more to auditing for fraud than reviewing source documents and schedules. Effective communication techniques are areas in which the fraud examiner may need special training. That's what you'll learn in this session, and more.

    12:30 p.m. - 1:30 p.m.  

    Group Lunch  

    Lunch on Your Own 

    1:30 p.m. - 2:50 p.m.  

    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 part of an audit and how to report and use the results of the assessment to make an impact within the organization.

    Finding Fraud During the Audit  

    Fraud can be detected in a number of ways, and auditors should be well-versed in not only how to identify fraud but also what to do once a scheme has been uncovered. This session explores data analysis techniques that are specifically designed to detect fraud and ways to handle tips from potential whistleblowers. You will also learn how and when to expand the audit into a full fraud examination.

    2:50 p.m. - 3:05 p.m.  



    3:05 p.m. - 4:25 p.m.  

    Fraud Brainstorming: Setting the Stage for the Audit  

    Finding fraud in an audit depends a lot on proper planning from the onset. This session will explain how to move from reactive fraud auditing to proactive fraud detection by integrating fraud brainstorming into the audit planning process. You will learn how to identify potential fraud schemes and plan audit tests targeted to detect those schemes before the audit even begins.

    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.


    Training Details