FINANCIAL STATEMENT FRAUD DETECTION FOR INTERNAL AUDITORS
₦165,000.00
Content
Internal Audit’s Role in Deterring and Detecting Financial Statement Fraud
Financial Statement Fraud
Internal Audit’s Role
Corporate Governance
Revenue Recognition Manipulation
Recording Fictitious Revenue
Unresolved Contingencies
Sales Billed but Not Shipped (“Bill and Hold”)
Lack of Delivery, Incomplete Delivery or Lack of Customer Acceptance
Accounting Improperly for Refunds, Exchanges, Cancellations, Refusals or Returns
Swaps, Round-Tripping or Barter Arrangements
Manipulation of Assets
Accounts Receivable Schemes
Inventory Schemes
Fixed Asset Schemes
Improper Disclosures
Common Schemes
Manipulation of Liabilities
Accounts Payable Schemes
Manipulation of Reserves
Credit Management
Responding to Indicators of Potential Financial Statement Fraud
Identify when an Internal Audit should become a Fraud Investigation
Consultation with Legal Counsel
Identifying Boundaries/Potential Conflicts
Recent Trends in Financial Fraud
FOR WHOM: Directors, Managers, Staff in Internal Audit Departments, Accountants, Financial Analysts, Finance Managers and others who are involved in the audit process and want to be aware of what is best practice in modern time.
This workshop focuses on internal audit’s role in detecting financial statement fraud by identifying potentially significant or likely financial statement fraud schemes and developing audit steps to help detection them. Upon completion of this workshop, participants will be able to:
Understand the different ways financial statement fraud is detected
Understand changing patterns of financial statement fraud
Apply risk assessment techniques to financial statement fraud detection
Design internal audit steps to help detect common financial statement fraud schemes
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