This course provides an overview of fraud risks and responsibilities, focusing on the conditions that enable fraud, management's role, and the ethical and legal considerations auditors face. Participants will explore key topics, including fraudulent financial reporting, misappropriation of assets, and management override of controls, along with the behavioral and cultural drivers that contribute to fraud. This course emphasizes fraud prevention, detection, and the importance of ethical decision-making in upholding financial integrity.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the conditions that enable fraud, including incentive, opportunity, and rationalization
Identify fraudulent activities such as fraudulent financial reporting and misappropriation of assets
Distinguish between the behavioral and cultural drivers that contribute to fraudulent actions
Recall the ethical and legal responsibilities of auditors when addressing fraud risks
Determine how management override of controls creates opportunities for fraud
Major Topics
Fraud Overview
Fraudulent Financial Reporting
Misappropriation of Assets
Conditions for Fraud
Management & Fraud Risks
Management Override of Controls
Ethical Responsibilities and Legal Considerations
