In Person Seminar

Auditing for Internal Fraud

  • Mar 13-14, 2022
  • Chicago, IL
Course Level
Basic
Delivered via
In-Person
CPE
16
Auditing for Internal Fraud

Description

Auditing for Internal Fraud will be available online and in-person. Learn more about the virtual event.

This course is held in conjunction with the 1-day ACFE seminar, Detecting Fraud Through Vendor Audits. Register for both courses to SAVE an additional $100! 

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 2-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.

Prerequisites

None

You Will Learn How To:

Identify the types, costs and red flags of common internal fraud schemes, including: financial statement fraud, bribery and corruption and asset misappropriation

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

Identify and avoid the obstacles auditors often face in finding fraud

Define and strengthen the traits necessary to apply professional skepticism

Employ strategies to overcome bias during audits

Effectively assess an organization’s fraud risks

Apply data analysis techniques to find fraud

Implement mechanisms to prevent occupational fraud

Who Will Benefit

  • Controllers and corporate managers
  • CPAs, CAs or equivalent
  • Forensic and management accountants
  • Internal and external auditors
  • Certified Fraud Examiners and other anti-fraud professionals

Location & Venue

Event Venue

TheWit Hotel Chicago
201 N. State St. Chicago, IL 60601

Hotel Information

Hotel Phone: (866) 318-1514
Room Rate: $189 single
Group Code: ACFE Spring 2022
Hotel Cut-Off: February 16, 2022

CPE Information

CPE Credit: 16
Advanced Preparation: None
Delivery Method: In Person

Credit by Field of Study

Auditing: 16

Registration & Fees

Registration Fee:
ACFE Members: $795
Non-Members: $995
Early Registration Deadline: February 12, 2022
Register by the Early Registration Deadline to SAVE USD 100!

Course Outline

Day 1

  • 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.

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

    Professional skepticism forms the foundation of effective fraud detection during an audit. But what does a skeptical mindset look like in practice? In this session, you will learn about the traits characteristics that are required to exercise professional skepticism, as well as how to overcome some challenges in doing so. You'll also discuss numerous forms of bias that auditors often inadvertently bring to an engagement and ways to proactively minimize the effects of those perspectives.

  • 3:05 p.m. - 4:25 p.m.: Conducting a 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 a part of an audit and how to report and use the results of the assessment to make an impact within the organization.

Day 2

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

    As the amount of data generated by organizations has increased, so has the importance of data analytics to the audit and fraud detection processes. In this session, you will learn about different types of data analysis techniques and how to apply them to uncover the red flags of fraud. 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 a.m. - 10:55 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.

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

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

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

    There is more to auditing for fraud than reviewing source documents and schedules. Fraud examiners might need special training in effective communication techniques, such as how to craft appropriate interview questions and how to spot signs of deception. That's what you'll learn in this session and more.

  • 3:05 p.m. - 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.

Presenter

Bethmara Kessler, CFE - Speaker

Bethmara Kessler Headshot

Chair, ACFE Board of Regents
Speaker/Consultant

 

Policies

Payment must be received by February 12, 2022 to receive early registration discount. 

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. Should an event be cancelled or postponed by the ACFE due to unforeseen circumstances, ACFE will process a full refund of registration fees within 30 days of such circumstances becoming known. ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.

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 MemberServices@ACFE.com or call (800) 245-3321 / +1 (512) 478-9000.

Terms and Conditions

 


nasba-events-tos-image The 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: www.nasbaregistry.org.