This course provides an overview of fraud risks and responsibilities, focusing on the conditions that enable fraud, management's role, and the ethical and legal considerations auditors face. Participants will explore key topics, including fraudulent financial reporting, misappropriation of assets, and management override of controls, along with the behavioral and cultural drivers that contribute to fraud. This course emphasizes fraud prevention, detection, and the importance of ethical decision-making in upholding financial integrity.
Course Publication Date:
April 08, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$10.00!
| Author: | Kelen Camehl |
| Course No: | AUD-FRAUDRISKS-29005 |
| Recommended CPE: | 1.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Auditing
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Learning Objectives
- Recognize the conditions that enable fraud, including incentive, opportunity, and rationalization.
- Identify fraudulent activities such as fraudulent financial reporting and misappropriation of assets.
- Distinguish between the behavioral and cultural drivers that contribute to fraudulent actions.
- Recall the ethical and legal responsibilities of auditors when addressing fraud risks.
- Determine how management override of controls creates opportunities for fraud.