2024 MSCPA Annual Convention: Details

Audit 403: Fraud Trends - Applying Real-Life Lessons

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Thursday, August 22, 2024 @ 10:30am 12:30pm
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Description

Fraud Trends - Applying Real-life Lessons to Small- and Mid-Size Entities will focus on real-life and practical examples of fraud in smaller- and mid-size environments, including nonprofits. Fraud involves an intentional act to deceive, which may result in material misstatement in the financial statements due to fraudulent financial reporting or misappropriation of assets. Management's responsibility is to design, implement, maintain and monitor a system of internal control to prevent, or detect and correct, fraud. Note: This is a part of the suggested 16-hour Audit Skills Level 4 curriculum for experienced in-charges or seniors. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

Basic familiarity with fraud risk

Highlights

The major topics covered in this course include:

  • Fraud trends per the most recent Association of Certified Fraud Examiners (ACFE) Annual Report on Fraud and Abuse
  • Real-life examples of fraud in nonpublic entity and nonprofit environments.
  • Cyber-security risks of fraud

Objectives

After attending this presentation, you will be able to...

  • Identify the cause and impact on real-life fraud cases
  • Determine what to be alert for in an audit to identify fraud potential

Preparation

None

Credits

Category Amount
Accounting&Auditing 2.00