Auditing for Internal Fraud

Location & Venue

Event Venue

Hotel Information

Hotel Phone: 215-893-1600
Room Rate: $179 single
Hotel Cut-Off: June 23, 2023

*To make a reservation, please contact the hotel directly or click here.

Registration & Fees

Registration Fee:

ACFE Members: $795

Non-Members: $995

Course Outline

Day 1

• 7:30 – 8:00 a.m. Registration and Continental Breakfast

  Registration and Continental Breakfast

• 8:00 – 9:20 a.m. Introduction

  You will start day one with the basics. You’ll 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.

• 9:35 – 10:55 a.m. Understanding Auditors' Fraud-Related Responsibilities

  Gain an understanding of the professional standards that define the responsibilities of both external and internal auditors regarding fraud detection and prevention. You will also explore auditors’ ethical obligations related to fraud.

• 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. Discuss the critical skills 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 real-life examples of frauds that were missed by the auditors.

• 12:30 – 1:30 p.m. Group Lunch

  Group Lunch

• 1:30 – 2:50 p.m. Enhancing Skepticism and Overcoming Bias

  Learn the traits and characteristics required to exercise professional skepticism, as well as how to overcome the challenges in remaining skeptical. You'll also discuss numerous forms of bias that auditors inadvertently bring to an engagement and ways to proactively minimize the effects of those perspectives.

• 3:05 – 4:25 p.m. Conducting a Fraud Risk Assessment

  Explore the reasons for conducting fraud risk assessments and what makes a fraud risk assessment successful. You’ll learn 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 your organization.

Day 2

• 7:30 – 8:00 a.m. Continental Breakfast

  Breakfast

• 8:00 – 9:20 a.m. Finding Fraud Using Data Analytics

  Learn about data analysis techniques and how to apply them to uncover the red flags of fraud during this session. 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.

• 9:35 – 10:55 a.m. Financial Statement Fraud and Corruption

  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.

• 11:10 a.m. – 12:30 p.m. Asset Misappropriation

  Discuss schemes used by fraudsters to steal cash and other assets from their employers. 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 – 1:30 p.m. Lunch On Your Own

  Lunch on Your Own

• 1:30 – 2:50 p.m. Interview Techniques

  There is more to auditing for fraud than reviewing source documents and schedules. Gain special training in effective communication techniques, such as how to craft appropriate interview questions and how to spot signs of deception during this session.

• 3:05 – 4:25 p.m. Prevention of Occupational Fraud

  This session introduces you to key fraud prevention approaches and provides you with practical solutions to help your organization or your client reduce losses due to fraud.

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