Considerations of Fraud
Overview
This course provides an in-depth exploration of AU-C 240, Consideration of Fraud in a Financial Statements Audit. Participants will gain practical insights into identifying, assessing, and responding to fraud risks within the context of financial statement audits. Through engaging lectures, real-world examples, and case studies, the course examines the nature and characteristics of fraud, including fraudulent financial reporting and misappropriation of assets. It also delves into the auditor's responsibilities under AU-C 240 for planning and performing audits with fraud considerations, techniques for identifying fraud risk factors and assessing risks of material misstatement, and methods for designing and implementing effective audit procedures. Additionally, participants will explore best practices for communicating and documenting findings related to potential or identified fraud. Ideal for auditors at all experience levels, this course equips attendees with the knowledge and tools necessary to navigate fraud-related complexities and maintain audit integrity.
Delivery Method: Individual webcast
CPE Credit: Auditing
Program Level: Basic
Highlights
- AU-C 240
- Auditing
- Yellowbook
Prerequisites
None
Designed For
Accounting Professionals
Objectives
- Identify the components of the fraud triangle and their role in financial fraud
- Recall AU-C 240 requirements for addressing fraud risks in audits
- Recognize red flags and patterns of fraud
- Recall audit techniques to address identified fraud risks effectively
- Recognize best practices for documenting, communicating, and escalating fraud findings.
Preparation
None
Leader(s):
Leader Bios
Peter Zender, Accounting & Auditing Training Facilitator, Galasso Learning Solutions
With extensive experience in auditing and technology, Peter serves as an Audit Training Facilitator at Galasso Learning Solutions. His expertise in auditing healthcare companies, employee benefit plans, and private companies with complex transactions has made him a key contributor to the development of technical accounting training programs.
Before joining GLS, Peter worked at a Big 4, specializing in auditing healthcare companies in both public and private sectors. He later transitioned to an Internal Audit role at a Fortune 500 company before returning to public accounting at a national firm, where he focused on audits involving business combinations, asset acquisitions, GAAP to IFRS conversions, and technology implementations.
Throughout his career, Peter worked closely with learning and development to design and facilitate training on both technical accounting and soft skills. He has experience designing, overseeing, and facilitating weeklong training programs and producing accounting podcasts eligible for CPE credit.
Non-Member Price $109.00
Member Price $79.00