Fraud Risk Assessment: Building a Fraud Audit Program



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", 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", also provides audit procedures and thoroughly examines topics including:

  • Fraud theory
  • Fraud audit
  • Fraud penetration risk assessment
  • Fraud in expenditure
  • Contract fraud
  • Bribery
  • 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

ISBN 978-0-470-12945-6
Hardcover, 211 PAGES

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