CPE Credit Hours: 2
Field of Study: Auditing
Publication date: February 2023
In every audit, the auditor is required to specifically assess the risk of material misstatement of the financial statements due to fraud. Auditing for Fraud examines the types of fraud considered by auditors when auditing financial statements: fraudulent financial reporting and misappropriations of assets.
This course considers the effectiveness of management’s antifraud programs and controls, then explains how auditors gather information to assess fraud risk in every audit and develop appropriate responses to identified fraud risks. It focuses on typical fraud techniques and highlights areas that are subject to greater risk of fraud.
Once the auditor suspects fraud, it is their responsibility to gather additional evidence, often through inquiry. This course also describes the auditor’s responsibility for making certain communications about suspected or detected fraud to senior management and the audit committee.
This is a self-study CPE course.
Program level: Basic
Prerequisites: None
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase
