Overview

This course provides audit practitioners a comprehensive understanding of the types of fraud affecting organizations and shows proven techniques for preventing and detecting fraud.

Learning Options

Below are the available learning options for this course:

AuditPro

Online On-Demand

This course is available through AuditPro — a subscription-based, on-demand learning platform. As a subscriber, you will have access to an ‘all you can watch’ library of courses that are built in alignment with the National Association of State Boards of Accountancy (NASBA) standards.

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Enterprise Solutions

Tailored Experience

Bring this course to your organization at your convenience. ACI Learning can deliver this instructor-led course for your team at a chosen location or virtually. Alternatively, choose the topic(s) you need and ACI will craft a training solution to keep your team future-proof.

Customize your training

NASBA Certified CPE

32 Credits

Auditing

Why you should take this course

For users with an introductory knowledge of this topic, and are searching for additional information and its application.

Who should take this course

Internal and IT auditors, external auditors, forensic accountants, corporate attorneys, risk management and information security professional seeking an understanding of the growing risks of fraud, and how to do an assessment for fraud.

Prerequisites

Fundamentals of Internal Auditing
Psychology of Fraud
or equivalent experience

1. What is Fraud?

• Overview

• Introduction to Fraud

• Historical Frauds

• Frauds Theories

• The Fraud Triangle and the Elements of Fraud

2. Auditing Standards

• Professional Auditing Standards

• Common Auditing Standards

3. Types of Frauds

• Cash Frauds

• Check Frauds

• Credit Card Frauds

• Inventory Frauds

• Fixed Asset Frauds

• Payroll Frauds

• Accounts Receivable Frauds

• Accounts Payable Frauds

• Expense Reimbursement Fraud

• Introduction to Cyber Fraud

• Introduction to Identity Theft

• Identity Theft Frauds

• Identity Theft – Obtaining Victim’s Information

• Tax Frauds

• Phishing

• Vishing

• Smishing

• Counterfeit Currency

• Government Benefits Frauds

4. Revenue Frauds

• Revenue Frauds

• Payable Frauds

• Financial Statement Frauds

5. Types of Corruption

• Introduction to Corruption

• Bribery and Illegal Gratuities

6. Money Laundering

• Money Laundering

• Money Laundering Schemes

7. Risk Assessments

• Introduction to Risk Assessments

8. Internal Controls Frameworks

• Internal Control Frameworks

• COSO Framework

• Examples of Internal Controls

• Cybersecurity

9. Fraud Investigations

• Basics of Fraud Investigation

• The Legal System

• Data Analytics and Audit

• Discovery

• Conducting Interviews

• Gathering Evidence

• Managing Evidence

• Online Investigations

• Searching for Hidden Assets

• Data Analytics in Fraud Investigations

• Fraud Investigation Reports

• Tools for Detecting Tax Frauds

• Introduction to Testimony

• Depositions

• Trial Testimony

10. Fraud and Ethics

• Introduction to Ethics

• Ethics for Fraud Examiners

• Reporting Unethical Behavior

• Whistleblower Programs

• IRS Whistleblower Programs

• Conflicts of Interest

• Auditor Bias

Describe fraud concepts.
Assess the scope and objectives of a forensic audit project.
Identify and apply fraud detection and investigative concepts and practices to the internal audit process.
Demonstrate how to apply the concepts learned in the planning, fieldwork and reporting phases of audits.
Explain how fraud and various risks can be incorporated into anti-fraud programs.

ACI Learning 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.