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

Los Angeles, CA | September 24-25, 2015
San Juan, PR | November 9-10, 2015


You Will Learn How To:  

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

Fraudulent financial statements 

Bribery and corruption  

Asset misappropriation  

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

Identify the obstacles auditors often face in finding fraud and discover ways to avoid them  

Effectively assess an organization’s fraud risks  

Incorporate fraud brainstorming into the audit planning 

Apply data analysis techniques to find fraud 

Handle tips from whistleblowers 

Respond appropriately when fraud is found during an audit 

Employ methods for preventing management and 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 


CPE Credit



Field of Study


Course Level



Advanced Preparation 



Delivery Method 


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

  Day One  
7:30-8:00 a.m.   Registration & Continental Breakfast   
8:00-9:20 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.

9:20-9:35 a.m.  Break 
9:35-10:55 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.

10:55-11:10 a.m.  Break  
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.

12:30-1:30 p.m.  Group Lunch  
1:30-2:50 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.

2:50-3:05 p.m.  Break  
3:05-4:25 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.



  Day Two 
7:30-8:00 a.m.   Continental Breakfast   
8:00-9:20 a.m. 

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.

9:20-9:35 a.m.  Break  
9:35-10:55 a.m. 

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.

10:55-11:10 a.m.  Break  
11:10 a.m.-12:30 p.m. 

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.

12:30-1:30 p.m.  Group Lunch  
1:30-2:50 p.m. 

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.

2:50-3:05 p.m.  Break  
3:05-4:25 p.m.  

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 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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  • avatar

    Please I would like to know if I already filled a form as a non member to attend the seminar on auditing for internal fraud before I became a member. As a member can I fill a new form as member in order to benefit from the discount meant for members? Thank you.

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