OasisLMS

Fraud schemes overview

You will explore various types of fraud schemes you may encounter as an auditor. Topics include:

• Spotting the signs of fraud
• Responding appropriately when fraud is detected during an audit
• The entity's fraud awareness and prevention responsibilities
• Ways audit data analytics can improve fraud detection

Learning Outcomes

• Identify the definition of fraud in a financial statement audit.
• Identify various dimensions and types of fraud.
• Identify appropriate responses to suspicions of fraud.
• Recognize the potential of audit data analytics in common fraud procedures.

Key Topics

• Fraud basics
• Statistics regarding fraud
• Fraud and the audit process
• Fraud schemes
• Defensive tools and approaches
• Encountering fraud
• Using audit data analytics

Who Will Benefit

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting