OasisLMS

Fraud continues to make headlines, underscoring the importance of understanding how fraud occurs, how it can be prevented, and how auditors are expected to respond. This course begins with an overview of common fraud schemes identified in the 2026 Report to the Nations issued by the Association of Certified Fraud Examiners, along with key characteristics commonly observed among fraud perpetrators. The course then explores practical approaches organizations use to prevent and deter fraud, highlighting controls, policies, and cultural factors that can reduce fraud risk. Participants will also review recent fraud cases reported in the news to reinforce how these schemes manifest in real-world settings. The course concludes with a discussion of the auditor's responsibilities related to fraud under AU-C 240, including an overview of proposed changes to the fraud standards and what they may mean for future audit engagements. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Accountants and Auditors

After attending this presentation, you will be able to...

• Recognize common fraud schemes identified in the Report to the Nations.
• Identify common characteristics and risk factors associated with fraud perpetrators.
• Identify preventive measures organizations use to deter fraud.
• Recall key data points and trends from the 2026 Report to the Nations.
• Identify the auditor’s responsibilities related to the consideration of fraud under AU-C 240.

The major topics that will be covered in this course include:

• 2026 Report to the Nations issued by the Association of Certified Fraud Examiner.
• Practical approaches organizations use to prevent and deter fraud, highlighting controls, policies, and cultural factors that can reduce fraud risk.
• Recent fraud cases reported in the news to reinforce how these schemes manifest in real-world settings.
• Discussion of the auditor's responsibilities related to fraud under AU-C 240, including an overview of proposed changes to the fraud standards and what they may mean for future audit engagements.

• Auditing

Group-Internet-Based

Melisa F. Galasso, CPA