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PRODID://NDCP//489823
BEGIN:VEVENT
DTSTAMP:20260429T131917
VTIMEZONE:America/Chicago
DTSTART:20260630T140000Z
DTEND:20260630T220000Z
UID:489823
SUMMARY:Surgent's Assessing the Risk of Fraud in a Financial Statement Audit (ARF8)
LOCATION:Webinar
DESCRIPTION:Surgent's Assessing the Risk of Fraud in a Financial Statement Audit (ARF8)\n\n06/30/26 09:00 AM CST\n - 06/30/26 05:00 PM CST\Description:\nThe Association of Certified Fraud Examiners says that there is fraud lurking in all businesses, including not-for-profit organizations. It often goes undetected for years and when uncovered, management and the board may question why an auditor did not identify it. The auditor’s responsibility in a financial statement audit is to assess risk and perform sufficient procedures to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error. However, failure to perform an adequate fraud risk assessment and report deficiencies in internal control, such as a lack of segregation of duties, can leave a firm vulnerable.
 This course will discuss the audit procedures that should be performed in accordance with AU-C §240 as recently amended, best practices in performing fraud risk assessment procedures, when and how to report control deficiencies noted in an audit, and the most frequent types of fraud found in small to mid-sized entities along with internal controls that could be implemented to help prevent and detect them. We will look at various cyber fraud schemes and how they might be prevented or detected, the use of analytics as fraud risk procedures, and assessments of fraud risk in a Single Audit. This course features case studies.Objectives:
 Understand the drivers of fraud risk in a financial statement audit
 Conduct procedures required by professional literature to assess the risk of fraud
 Develop discussion points to review with management and those charged with governance
 Identify the main types of fraud that occur in small to mid-sized companies and develop internal controls responsive to those risks
 Evaluate fraud case examples and identify how fraud occurred and how it could have been prevented or detected
 Presenters:Marci Thomas, CPAField of Study:Auditing (8)Major Topics:
 The fraud landscape in the United States
 Fraud risk procedures as updated by recently issued standards
 Most likely fraud types found in small to mid-sized entities
 Internal controls to prevent and detect fraud
 What to do when fraud is identified or suspected
 Case studies based on recent frauds
 Cyber fraud schemes and how to prevent and detect them
 Analytics that can be used as fraud risk procedures
 Assessing the risk of grant fraud in a Single Audit
 \Location:\nWebinar\n\n,
X-ALT-DESC;FMTTYPE=text/html:Surgent's Assessing the Risk of Fraud in a Financial Statement Audit (ARF8)<br /><br />06/30/26 09:00 AM CST - 06/30/26 05:00 PM CST<br />Description:<br /><br>The Association of Certified Fraud Examiners says that there is fraud lurking in all businesses, including not-for-profit organizations. It often goes undetected for years and when uncovered, management and the board may question why an auditor did not identify it. The auditor’s responsibility in a financial statement audit is to assess risk and perform sufficient procedures to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error. However, failure to perform an adequate fraud risk assessment and report deficiencies in internal control, such as a lack of segregation of duties, can leave a firm vulnerable.</br><br />
<br />
<br>This course will discuss the audit procedures that should be performed in accordance with AU-C §240 as recently amended, best practices in performing fraud risk assessment procedures, when and how to report control deficiencies noted in an audit, and the most frequent types of fraud found in small to mid-sized entities along with internal controls that could be implemented to help prevent and detect them. We will look at various cyber fraud schemes and how they might be prevented or detected, the use of analytics as fraud risk procedures, and assessments of fraud risk in a Single Audit. This course features case studies.</br><br><br><b>Objectives:</b><br><ul>
    <li>Understand the drivers of fraud risk in a financial statement audit</li>
    <li>Conduct procedures required by professional literature to assess the risk of fraud</li>
    <li>Develop discussion points to review with management and those charged with governance</li>
    <li>Identify the main types of fraud that occur in small to mid-sized companies and develop internal controls responsive to those risks</li>
    <li>Evaluate fraud case examples and identify how fraud occurred and how it could have been prevented or detected</li>
</ul><br><b>Presenters:</b><br>Marci Thomas, CPA<br><br><b>Field of Study:</b><br>Auditing (8)<br><br><b>Major Topics:</b><br><ul>
    <li>The fraud landscape in the United States</li>
    <li>Fraud risk procedures as updated by recently issued standards</li>
    <li>Most likely fraud types found in small to mid-sized entities</li>
    <li>Internal controls to prevent and detect fraud</li>
    <li>What to do when fraud is identified or suspected</li>
    <li>Case studies based on recent frauds</li>
    <li>Cyber fraud schemes and how to prevent and detect them</li>
    <li>Analytics that can be used as fraud risk procedures</li>
    <li>Assessing the risk of grant fraud in a Single Audit</li>
</ul><br />Location:<br />Webinar<br /><br />,  
PRIORITY:3
TRANSP:TRANSPARENT
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