All organizations are subject to fraud risk. Association of Certified Fraud Examiners (ACFE) studies show that an average of 5% of revenue is lost to internal fraud schemes within an organization. Today internal auditors are expected to lead the charge in the fight against fraud. To accomplish this, auditors must understand how to properly identify and assess potential fraud risk and then incorporate those skills and this knowledge into their audit programs. Historically fraud detection programs and internal audit programs were separate, but today, combining these efforts provides clear advantages that organizations can benefit from.
This course will help individuals learn and develop the skills necessary to drive, implement, and execute an effective Fraud Risk Assessment as part of an individual engagement or as part of the overall Fraud Risk Program and then incorporate fraud detection methods into the audit engagement. This highly interactive class achieves its learning objectives through the use of case studies, exposure to best practices tools and techniques, and group exercises.
Who Should Attend
Internal auditor staff and management and Financial and operational management and staff
Auditors with at least 2 years of experience