Auditing for fraud detection

The responsibility for detecting fraud largely has fallen to the accounting profession. This course is an ideal introduction for beginners in the field of fraud examination and fraudaware auditing. Within the course internal control procedures are examined. Case studies are used throughout to exemplify issues surrounding independent audits of financial statements in terms of a fraud-detection perspective. Chapter 1 has been designed to heighten your familiarity with the nature, signs, prevention, detection and reaction to fraud that can enable you to perform financial statement audits with awareness of fraud possibilities. Chapter 2 defines and explains internal controls as they affect financial recordkeeping and reporting. It provides an overview of internal control theory mainly from the perspective of external auditors. Chapters 3 through 7 address the different accounting cycles to show the variety of issues which are involved with each cycle and how an auditor may be able to detect fraud in those cycles. Chapter 3 addresses cash collections and receivables (the revenue and collection accounting cycle) which covers sales, sales returns, accounts receivable, account writeoffs, and cash collections. Chapter 4 deals with cash disbursements and payables (the acquisition and expenditure accounting cycle) which cover purchasing, receiving, accounts payable, and cash disbursements. Chapter 5 covers the payroll accounting cycle which includes activities from hiring and firing to pay distribution. Chapter 6 relates to the production accounting cycle which covers the activities related to internal cost accounting for manufacture of products. Finally, Chapter 7 takes a look at the finance and investment accounting cycle covering investments, liabilities and equities. This cycle covers several types of transactions that are typically large and infrequent. The goal in this course is to give practical guidance and enhance managers' and auditors' and financial professionals’ abilities to recognize, prevent, and detect financial frauds in organizations. The primary interest is spreading the word about fraud examination and enabling more people to be able to fight fraud effectively.

Masuk & Baca