Auditing Fraud - Watchdog or Bloodhound?

Objectives

Fraud can be hard to detect and many auditors have come to severely regret audit failures in this area. Auditing for fraud is special and needs a different approach. This course builds on the ISA and uses practical examples to bring the topic to life to help give auditors a better chance of detecting fraud.

Key Topics

• The auditor’s responsibilities in relation to fraud
• Risk assessment
• Designing tests
• The role of the audit team discussion, in detecting fraud
• How to appropriately apply scepticism
• Management override
• Testing journals
• Issues around related parties
• Real world fraud case studies
• Reporting fraud

Who Should Attend

This update is for all senior auditors, including audit seniors, managers and partners, of all sizes of audited entities.