Fraud Evaluation Tools for the Internal Auditor

Course Description:

The topic of fraud — whether it relates to awareness and prevention techniques, fraud auditing, recent frauds in corporate America, or the criminal mind — continue to be on the radar of investors, shareholders, and regulators. Although a recent fraud survey by Kroll Advisory found that the proportion of companies that suffered an incident declined from 75% last year to 61% in the current survey, it is acknowledged that fraud is anything but defeated. In addition, with ongoing technological advances in IT infrastructure, new and emerging fraud methods are continually being identified.

This course will provide a practitioner’s viewpoint to understanding and working with corporate fraud issues. It will illustrate real life concepts that can be applied in an organization wanting to solidify their anti-fraud programs. It will review concepts that will be outlined within a new book sponsored by the Institute of Internal Auditors Research Foundation and authored by seminar instructor, Lynn Fountain.

Learning Objectives:

• The International Professional Practice Framework and the auditor’s responsibility towards fraud
• Fraud and its connection to the control environment and COSO 2013
• The internal auditor’s dilemma when investigating internal fraud
• Internal audit processes for conducting a fraud risk assessment for the company
• Methods for including fraud analysis and evaluation within each audit
• Evaluation vs. investigation – how to know when the table turns
• COSO 2013 – the critical component of monitoring activities related to fraud
• Reporting procedures for an effective fraud program
• Assessing a company’s fraud risk culture
• Performing a macro vs. a micro fraud risk assessment
• Utilizing the maturity model approach in conducting an assessment
• Prioritizing and executing risk assessment output

Who Will Benefit :

• Internal and external audit professionals
• Accounting and audit practitioners
• CFOs /senior financial management
• Compliance and ethics managers
• Security personnel
• CEOs
• Internal control professionals
• Loss prevention and risk specialists
• Fraud examiners
• Internal investigators
• Operational risk managers
• Business managers/ controllers

Topic Background:

Auditors are not expected to have the specialty expertise of forensic investigators, but they should have adequate knowledge of the aspects of fraud and maintain a skeptical mind when it comes to reviewing potential violations. Like internal controls, the economy, and business strategy, fraud continues to evolve and auditors must stay abreast of its root causes and suggested mitigation and investigation techniques. Whether you are part of a large internal audit group or a small internal audit group, it is important for all audit professionals to understand processes that could involve fraud.

For Registration -  http://www.complianceonline.com/fraud-evaluation-tools-for-the-internal-auditor-seminar-training-80257SEM-prdsm?channel=pickevent

Note: Use coupon code 232082 and get 10% off on registration.