Auditing for Internal Fraud
- Jul 24-25, 2023
- Philadelphia, PA
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.
Identify the types, costs and red flags of common internal fraud schemes, including: Financial Statement Fraud, Bribery and Corruption, and Asset Misappropriation
Identify and avoid the obstacles auditors often face in finding fraud
Employ strategies to overcome biases during audits
Apply data analysis techniques to find fraud
Recognize the auditor’s fraud-related responsibilities in audit engagements and avoid potential malpractice
Define and strengthen the traits necessary to apply professional skepticism
Effectively assess an organization’s fraud risks
Implement mechanisms to prevent occupational fraud
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.
ACFE Members: $795
Registration and Continental Breakfast
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.
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.
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.
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.
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.
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.
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.
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.
Lunch on Your Own
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.
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.
The McHard Firm
Janet M. McHard is the Founding Partner of the McHard Firm, a firm specializing in forensic accounting, fraud prevention and accounting reconstruction. Together with her partners and staff, McHard conducts forensic and investigative accounting in matters concerning alleged white-collar crimes, embezzlements, employee theft and other disputed accounting issues. She provides expert witness testimony and consulting expert services in cases where fraud is suspected.
McHard is a Certified Fraud Examiner (CFE), a certification bestowed upon examination by the Association of Certified Fraud Examiners (ACFE). She holds a CPA in the State of New Mexico. She is Certified in Financial Forensics by the American Institute of Certified Public Accountants, a designation awarded based on education and experience.
McHard has received special training in fraud prevention and investigation from the ACFE, the National Association of Certified Valuation Analysts and through the University of New Mexico’s Financial Investigators Certificate Program. McHard provides assistance, including expert testimony, in the areas of fraud and forensic accounting. She also has experience in database management and class action administration. She has advanced knowledge in MS Access, Excel and Word.
Previously, she was a senior manager at the regional full-service accounting firm Meyners + Company, located in Albuquerque. She was also a staff accountant and litigation support specialist with an international accounting and consulting firm. Her background also includes work as a legal secretary and administrative assistant for a law firm and business manager for a medical office.
McHard holds a Bachelor of Arts from the University of New Mexico as well as an MBA from the University of New Mexico’s Robert O. Anderson Graduate School of Management. She is a member of the National Board of Advisors and past president of the Board of Directors of Keshet Dance Company. She was previously a board member of the Albuquerque Softball/Baseball Hall of Fame and has volunteered her time with the American Softball Association and the New Mexico United States Specialty Sports Association. She is a member of Women in Leadership of the United Way of Central New Mexico.
Payment must be received by June 23, 2023 to receive early registration discount.
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, the ACFE will process a full refund of registration fees within 30 days of such circumstances becoming known. The ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.
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
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.