*All auditors should have basic fraud knowledge to meet their obligation as an auditor. In this course, attendees will focus on the basics of fraud auditing, including monitoring activities, understanding the nature of fraud and how it occurs, internal audit’s role in detecting fraud and fraud red flags. Who Should Attend: Auditors who want the basics of fraud training to apply to their audit approach immediately (NASBA Field of Study: Auditing). Objectives • Attendees will learn how to identify fraud risk and appropriate tools and techniques. • Attendees will learn how to apply critical thinking skills to fraud situations. • Attendees will learn how to identify fraud through fraud indicators. • Attendees will discover how fraud occurs and the characteristics of a fraudster. Agenda I. Fraud Overview a. What is Fraud? b. What are Fraud Indicators? c. Who are the main fraudsters? II. Profile of a Fraudster a. Describe and identify who commits fraud b. Define the components of the fraud triangle c. Define the three steps in committing a fraud d. Identify the motivations of a fraudster III. Proactive IA Approach to Fraud IV. Types of Fraud/Preventative Controls and Strategies By Financial Statement Category V. Fraud Auditing Techniques VI. Create monitoring activities based on tests and findings VII. Other Fraud Issues/Hot Topic

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