Upon successful completion of this course, participants will be able to: Identify red flags in financial statements that suggest potential misstatements or fraud Recognize common issues in revenue recognition practices that could indicate improper reporting Distinguish between normal financial reporting practices and warning signs of manipulation Recognize behavioral red flags that may indicate fraudulent or unethical conduct Identify management-related risks in estimates and representations that could affect audit outcomes Determine when changes in management behavior require further investigation Identify weaknessesin internal controlsthat may expose the organization to risk Select the appropriate response when suspicious or incomplete audit evidenceis found Distinguish between valid and questionable audit evidence during the audit process Recognize red flags in complianceaudits that suggest potential violations or regulatory risks Identify cybersecurity risks and indicators of inadequate protection measures Determine when going-concern issues require further assessment or disclosure

Red Flags in Financial and Revenue Reporting Financial Statement Irregularities Key Financial Ratios and Benchmarks Unusual Accounting Practices Using Analytics and Trend Analysis Revenue Recognition Red Flags Common Methods of Fraudulent Revenue Recognition Detecting Improper Revenue Recognition Behavioral Cues in Fraud Detection Key Indicators of Stress or Unusual Behavior Using Interviews and Observation to Identify Behavioral Red Flags Building Relationships to Encourage Transparency Common Red Flags in Management Estimates The Role of Internal Controls in Detecting and Preventing Fraud Red Flags Related to Control Overrides Types of Audit Evidence and Their Relevance to the Audit Process Red Flags in Audit Evidence Appropriate Audit Documentation Key Financial and Operational Red Flags Red Flags Related to Management's Plans to Mitigate Going-Concern Risks Audit Techniques to Assess the Adequacy of Going-Concern Disclosures Cybersecurity Risks and the Increasing Importance of IT in Audits Key Cybersecurity Red Flags Identifying Patterns of Non-Compliance Monitoring Changes in Laws and Regulations Role of Auditors in Communicating Compliance Risks to Stakeholders