Fraud: Internal Auditing and Fraud Prevention

Course Information

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Title: Fraud: Internal Auditing and Fraud Prevention
Category: Accounting and Auditing
Field of Study: Auditing
Course Code: A021-0443
CPE Credits: 7.0
Price: 54.95



Organizations need an established internal audit function, operating in full compliance with accounting and regulatory standards. They need a group that is already well equipped to meet the challenge of good governance and transparency of internal control effectiveness and efficiency. This course incorporates and discusses up-to-date guidance from the IIA and the 2013 COSO Framework. It not only addresses the theoretical principles of the internal auditing but it also provides readers with the practical guidance they need to assume a role in the internal audit function in their organizations. It addresses the nature and significance of internal auditing by examining its purpose, scope, and transformation. It focuses on the key internal auditing concepts, such as the risk-based auditing approach, internal audit process, and the Three Lines of Defense Model. It also discusses how internal auditors play a value-added role with respect to the Sarbanes-Oxley Act Section 404 certification process. In addition, this

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Accounting and Auditing

Field of Study: Auditing

Passing Score: 70%

Technical Details: Auditing: Technical

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Part 1: The Role of Internal Auditors 1. Recognize the purposes of internal auditing 2. Identify ways to add values to the organization 3. Cite attributes of internal auditors 4. Recognize internal auditors’ involvement in the Sarbanes-Oxley certification process 5. Identify features of alternative Sarbanes-Oxley compliance structures Part 2: The Principles of Internal Auditing 1. Identify the concepts of risk-based internal auditing 2. Cite various auditing techniques 3. Recognize the key elements of an internal audit report 4. Recognize the different roles and responsibilities of the Three Lines of Defense Model 5. Identify the characteristics of various levels in the Audit Capability Maturity Model Part 3: Fraud Prevention and Detection 1. Recognize common fraud and misconduct 2. Recognize the warning signs of fraudulent activities 3. Identify different techniques to prevent and detect fraud

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QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers: CPA