Objectives
• Determine how interim fraudulent reporting may impact planned reliance on internal controls and any related audit procedures.
• Identify the auditor’s responsibility with respect to fraud in a financial statement audit.
• Identify how personnel policies and procedures can be circumvented and lead to possible fraud or abuse.
• Apply potential ways to follow up on noted indications of fraud, abuse, and weaknesses in internal control.
• Determine how management override of internal controls can lead to possible fraud.
Major Topics
• Misappropriation of assets and benefits
• Cyber fraud
• Personnel fraud
• Grant expense allocations
• Management override
• Pledges and contributions
• Procurement cards
• External financial reporting
• Overtime fraud
Prerequisite
Knowledge of government and not-for-profit sectors
