Auditing CPE Bundle

Embedding Fraud Detection into Internal Audit

CPE: 3 | Course Level: Overview

Anti-fraud expert Mary Breslin discusses the importance of incorporating fraud detection into internal auditing procedures. By understanding the basics of fraud, fraud characteristics and red flags, you will learn how to better detect fraud as an internal auditor. Additionally, you will learn how to maximize the value of every audit through employing engagement risk assessments.

You Will Learn How To:

• Recognize the importance of creating a valid fraud risk assessment for each engagement and how to create one.
• Identify best practices in internal auditing and fraud prevention.
• Recognize how schemes can be detected in accounts payable, payroll, sales and revenue.
• Recall the significance of the Fraud Tree, Fraud Triangle and red flag fraud characteristics.
• Recognize the importance of adding fraud detection to the audit process.

CPE Information

• NASBA Information: Auditing
• Advanced Preparation: None
• Last Updated: September 2023
• Delivery Method: QAS Self-Study

Why Audits Fail to Find Fraud

CPE: 2 | Course Level: Intermediate

Could auditors be overlooking fraud in your organization? This on-demand webinar examines five case studies in which auditors glossed over frauds of more than $500,000. It also explores the factors that contributed to the frauds going unseen for years.

You Will Learn How To:

• Ascertain a working knowledge of the industry being audited to avoid audit failure.
• Determine when client relationships influence objectivity.
• Identify when budgets override common sense.
• Recognize how a lack of critical thinking and a focus on canned audit programs could lead to overlooking fraud indicators.

CPE Information

• NASBA Information: Auditing
• Advanced Preparation: None
• Last Updated: November 2022
• Delivery Method: QAS Self-Study 

Auditing for Vendor Fraud

CPE: 4 | Course Level: Intermediate

Auditing for Vendor Fraud will help you understand what measures you and your organization can take to prevent and detect vendor fraud. It examines why vendor audits should be conducted and discusses the importance of right-to-audit clauses in vendor contracts. You will explore examples of internal and external vendor fraud schemes, as well as the process for conducting vendor audits, including preparing for the audit, gathering data, performing audit tests and executing post-audit activities.

You Will Learn How To:

• Discern the need for vendor fraud audits.
• Distinguish vendor fraud schemes and related red flags.
• Identify the risks that can result from working with vendors.
• Recall the process by which to conduct effective vendor audits.
• Recognize the importance of effective right-to-audit clauses in vendor contracts.

CPE Information

• NASBA Information: Auditing
• Advanced Preparation: None
• Last Updated: April 2024
• Delivery Method: QAS Self-Study

Data Analysis Techniques for Fraud Examiners

CPE: 4 | Course Level: Overview

This course explores the basics of using data analysis to uncover fraud. You will work through several interactive examples to illustrate simple analysis techniques. With these examples, you will learn how to perform a variety of tests and interpret the results to identify common red flags of fraud.

You Will Learn How To:

• Identify the benefits and challenges of using data analytics.
• Categorize the four phases of the data analysis process.
• Recognize common red flags for data that appears to be suspicious or fraudulent.
• Distinguish various data analysis techniques that can be applied based on the type of fraud scheme(s) under investigation.

CPE Information

• NASBA Information: Auditing
• Advanced Preparation: None
• Last Updated: March 2023
• Delivery Method: QAS Self-Study

Evaluating and Testing Anti-Fraud Controls

CPE: 3 | Course Level: Intermediate

This course reviews the types of controls, the control environment and the limitations inherent to controls. It also discusses the use of risk-based concepts and processes to evaluate controls. Finally, the course explores common fraud schemes and the preventive controls used to mitigate them.

You Will Learn How To:

• Determine how evaluating and testing anti-fraud controls contribute to an effective control environment.
• Recall various components of anti-fraud controls.
• Recognize techniques used to evaluate and test anti-fraud controls.
• Identify and communicate internal control deficiencies.

CPE Information

• NASBA Information: Auditing
• Advanced Preparation: None
• Last Updated: March 2023
• Delivery Method: QAS Self-Study

Uncovering Fraud with Advanced Financial and Ratio Analysis 

CPE: 4 | Course Level: Advanced

Data analytics can be a valuable tool for fraud examiners. Examining important patterns in data allows you to understand what is occurring within an organization and also enables effective decision-making. Ratios and financial analysis are used by many professionals to analyze organizations’ performance and financial health. Moreover, they can also be used to help you identify the red flags of fraud.  

In this course, you will learn about using ratios and other analytical techniques as tools for detecting all three categories of fraud: asset misappropriations, financial statement fraud and corruption.

You Will Learn How To:

• Determine the fraud detection capabilities of traditional horizontal, vertical and ratio analyses.
• Recognize the different financial analyses aimed at detecting specific types of fraud schemes.
• Identify financial anomalies, including duplicate transactions and violations of Benford’s Law.
• Apply complex ratios and other multiple-factor analyses.
• Plan targeted ratios that combine nonfinancial data with financial data.

CPE Information

• NASBA Information: Accounting
• Advanced Preparation: None
• Last Updated: October 2023
• Delivery Method: QAS Self-Study