Unlimited CPA CPE

This course is an ideal introduction for beginners in the field of fraud examination and fraud-awareness auditing. It outlines the basics surrounding fraud examination including the law and criminology, presents the components associated with employee and management fraud, and provides an overview of the general fraud examination methodology and fraud theory approach. It also explains how audits of financial statements can be developed to detect fraud in consideration of different accounting cycles. The purpose of this course is to give practical guidance and enhance the financial professional’s ability to recognize, detect, and prevent financial fraud in organizations as it relates to financial statement reporting. This course is ideal material in the field of auditing for fraud.

This course provides up-to-date information on applicable laws, regulations, and audit standards for Federal Government auditing. It condenses the abundant, complex criteria for Federal Government auditing into concise, accessible topics. It is written in a non-technical style and makes for good reference material complete with helpful exhibits.

The course will address topics such as:

• Guidance on what, why, how, and by whom Federal audits should be made
• Discussion on internal control over Federal financial reporting
• Recent developments in auditing standards
• Federal financial statements, budgeting, and accounting
• Coverage of the scope and work required in an audit of Federal agencies
• Auditing and evaluating Federal IT systems
• Examples of Federal audits

The objective of this course is to address the latest developments affecting 2022 and 2023 audit engagements.

Topics include: addressing the auditor’s consideration of the business and economic environment in which the client operates; accounting and auditing engagement issues during COVID-19, including the impact of the pandemic on an entity’s ability to continue as a going-concern; client and employee fraud; specific accounting risks for auditors to consider; limiting auditor’s liability; key audit focus areas during volatile times; lessons from litigation; efficiency engagements to reduce auditor time; various practice issues related to audits; dealing with DOL audits of employee benefit plans, and more.

Additionally, in this course, auditors will learn about auditing estimates, obtaining audit evidence, changes made to the auditor’s understanding of the entity and its environment, risk assessment procedures, using the work of specialists as audit evidence, changes to compliance audits, and more. These changes are found in newly issued SAS Nos. 142-148. This course also addresses the new attestation standards found in SSAE Nos. 21-22.

The course focuses on recalling, recognizing, and identifying rules related to auditing standards, including new developments pertaining to those standards.

Internal controls are necessary in order to provide reliable, timely, and useful data needed to support operating, budgeting, and policy decisions. This course takes a “toolkit” approach to address a practical need for a series of standards of internal controls that can be used to mitigate risk within any size organization. It contains detailed controls and risks outlined for key business processes as well as material to improve internal control efforts. It also provides guidance for M&A projects and SOX 404 initiatives.

About 80% of occupational fraud is committed by insiders. The reason this is still so prevalent is that organizations fail to adequately understand the characteristics of fraud perpetrators. Most fraud prevention and detection programs focus on controlling the environment, rather than on the actual source of the fraud: people. This course provides a comprehensive overview of investigative psychology that will allow businesses to close this gap in fraud prevention. This course will guide readers through a step-by-step process of developing a fraud profiling methodology. It includes a host of charts and diagrams to illustrate the process that include: • Instructions for productive data mining • Compiling a list of key characteristics of the fraudster • Evidence-based red flags and warning signs • A guide to bringing human resources on board during the recruitment process

The objective of this course is to address the new audit reporting standards issued by the Auditing Standards Board as SAS Nos. 134-141. Topics include an overview of the new auditor’s report found in SAS No. 134’s AU-C 700A, including the new report’s format, positioning of sections within the report, title, headings, and expanded language; amendments made to various reporting standards by SAS No. 135; a review of the new ERISA plan audit standard found in SAS No. 136, AU-C 703, including the format of the new ERISA-plan auditor’s report, positioning of sections of that report, the new ERISA Section 103(a) (3)(C) audit (formerly a limited-scope audit) and the auditor’s report thereon, expanded audit procedures, and communications required by auditors of ERISA-plan financial statements; changes made by SAS No. 137 to the auditor’s procedures and reporting on other information; changes made to the definition of materiality by SAS No. 138; changes made to special reports by SAS No, 139; and amendments made by SAS No. 140 to supplementary information, required supplementary information, compliance audits, interim financial information, and audits of internal control over financial reporting.

This course provides a framework for performing high-quality audit work according to Generally Accepted Government Auditing Standards (GAGAS) with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services.

This course offers a comprehensive guide to corporate fraud and manipulation. It is filled with facts, insights, and helpful suggestions for understanding and preventing corporate malfeasance before it takes hold in an organization. It contains an exploration of the warning signs that accounting fraud may be taking place and details some proven techniques for identifying, preventing, and addressing fraud. You’ll find descriptions of both legal and illegal practices, as well as explanations of the role of corporate governance plays in mitigating these fraudulent practices.

This course will help you get your business into a proactive fraud detection environment that identifies potentially threatening actions before they occur. It presents an effective approach to fraud detection that discovers usual patterns, identifies red flags, and aligns trends. It will equip you with new ways of conducting fraud analysis that will broaden your ability to try new and diverse tools.

Utilizing methods for identifying specific areas of fraud risk and fraudulent activities, this course will cover the schematics of fraud and fraud analytics; the evolution of fraud analytics; the analytical process; using ACL Analytics in the face of Excel; fraud analytics versus predictive analytics; detecting fraud with IDEA data analysis software; Centrifuge analytics – is big data enough?; i2 Analyst Notebook and fraud analytics; and new trends in fraud analytics and tools.

The objective of this course is to address the auditing standards issued by the Auditing Standards Board as SAS Nos. 142-145. The first segment of the course addresses SAS No. 142’s expanded guidance on what comprises audit evidence in a financial statement audit. Topics include: evaluating audit evidence; testing audit evidence; relevance and reliability of audit evidence, including its source; susceptibility to management bias; corroborative or contradictory information; evaluating whether information is sufficiently precise and detailed for the auditor’s purposes; and use of automated tools and techniques. The second segment is a review of SAS No. 143’s guidance on accounting estimates, including the degree of estimation uncertainty; risk assessment procedures related to accounting estimates; identifying and assessing the risks of material misstatement, including responses to the assessment; indicators of possible management bias, and more. The third segment consists of a review of SAS No. 144’s changes to auditing standards in connection with use of specialists (management and auditor specialists) and use of price information obtained from external sources. The final section addresses significant changes made by SAS No. 145 to the auditor’s understanding of an entity and its environment and the assessment of risks of material misstatement.

The objective of this course is to review four recently issued auditing standards: SAS Nos. 146-149. The first section reviews the requirements found in SAS No. 146 related to quality management of an audit engagement, including identifying the key elements of quality management, the important role and responsibilities of the engagement partner in managing the audit, and the importance of quality to all members of the audit engagement team. The second section informs the reader of the various changes made to AU-C 210, Terms of Engagement, by SAS No. 147 in connection with fraud and noncompliance with laws and regulations. Topics include clarifying requirements and guidance related to a successor auditor’s inquiries of a predecessor auditor, responsibilities of the predecessor auditor to respond to successor auditor inquiries when authorized by management, and more. The third section addresses amendments made to AU-C 935, Compliance Audits, by SAS No. 148, to reflect changes made by recently issued auditing standards SAS No. 142 and 145. The course also identifies amendments to the appendix to AU-C 935 that identifies AU-C sections that are specifically excluded from application to compliance audits. Finally, SAS No. 149 addresses special considerations that apply to a group audit, including in circumstances in which component auditors are involved or when the group auditor makes reference to the audit of a referenced-to auditor.

“Management fraud” and “fraudulent financial reporting” are synonymous. In general, financial statement fraud occurs through: (1) the overstatement of assets and income, and (2) the understatement of liabilities and expenses. Since the production of financial statements is the responsibility of management, financial statement fraud almost always occurs with the knowledge or consent of management.