Auditors today are expected actively participate in prevention and detection of fraud in their organizations. A traditional audit catches less than 4% of existing frauds because audits are designed to test effectiveness of controls and evaluate operating efficiency, not find fraud. Embedding fraud awareness, prevention and detection into auditing requires understanding fraud schemes and fraudster characteristics.

This course provides the fundamentals for developing fraud audit programs and incorporating fraud detection into the standard auditing process. This in-depth course looks at the fraud tree and covers common fraud schemes and scenarios to provide the participants with the knowledge needed to start implementing fraud detection into their audit processes immediately. This interactive course will be taught through a combination of lecture, group exercises, and class participation.