The major topics that will be covered in this course include:
- The auditor's responsibilities for fraud when performing an audit as contained in AU-C 240, Consideration of Fraud in a Financial Statement Audit
- Reviewing the components of the fraud triangle
- A Fraud Prevention Checklist to be used by auditors and shared with their clients
- A review of how selected fraud were uncovered in small and medium size entities, including for-profit organizations, not-for-profit organizations, and governmental entities
- Other important matters covered in AU-C 240