Dates & Locations
11/14/08 Woodland Hills
12/01/08 Costa Mesa
5/12/09 Pasadena
Classes meet
9:00am-5:00pm
taught by
Mark Dauberman
Only $240!
Lunch is always included
8 CPE Hours
Update
No Prerequisites
No Advance Preparation
Intermediate
(NASBA: AU, MN)
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Every organization and, in fact, every individual is affected by fraud. The Association of Certified Fraud Examiners (ACFE), in their 2006 Report to the Nation on Occupational Fraud and Abuse, estimates that US organizations lose 5% of their annual revenues to fraud. At 5% of gross domestic product, this would amount to more than $650 billion in annual losses in the United States. None of us can afford to ignore fraud. For our own protection, we must do what is necessary to prevent it and, when that is not possible, we must endeavor to detect it.
As accountants, we have even greater responsibilities in relation to fraud than others. This is partly due to the special training we undergo, the nature of the services we perform, and the degree of reliance others place on our work and our work products. It is also largely due to the fact that others believe it is part of our responsibilities. Even in engagements where members of our profession have made it clear that they could not be responsible for fraud, and by agreement should not be held responsible for that which goes undetected, our clients, the public, and the courts have held us to a higher standard.
As members of the management of a reporting entity or within our own firms, we have the responsibility for setting up controls that will prevent fraud. As internal accountants, we have the responsibility for making certain that the financial information we are responsible for is reliable. As internal auditors, we are responsible for the prevention and detection of fraud and for making certain that controls designed to prevent and detect fraud are in place and effective. As independent external accountants and advisers to our clients, we are responsible for making certain that financial statements we are associated with are not materially misstated due to fraud. In addition, we are expected to assist our clients in creating an environment that is not at risk due to fraud.
This course is designed to assist the accountant in understanding these responsibilities. Topics will include:
- Understanding why and how fraud occurs
- Conditions under which it is likely to be successful
- What we can do to assist in its prevention and detection
- Approaches for the performance of compilations and reviews
- Insights on applying the latest standards, including the risk assessment suite of standards
- Enhancing the auditor's performance while emphasizing an efficient and profitable audit
It is designed for the independent CPA as well as the internal accountant, whether a member of the accounting team, internal audit, or management.
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Fed Up With Fraud 