Fraud Auditing in Core Business Systems Training Seminars

For the Fraud Auditing in Core Business Systems curriculum, each learning module starts with a synopsis of the inherent fraud schemes for each core business system followed by a discussion on how the inherent scheme correlates to their business activitiesTopics to be discussed will include: fraud scenario identification and fraud testing.

The seminar explains how to integrate fraud testing into your audit program and at the conclusion of each module, the auditor will be equipped to build an audit program for the risk of fraud in the core business system discussed.

Fraud Auditing in Core Business Systems: Course Modules & Objectives 

Course 1: Fraud Testing for Disbursement Scenarios

This course will cover:

  • Synopsis of inherent fraud disbursement schemes
  • How to locate shell companies
  • Testing approaches for shell companies
  • Uncovering the pass-through vendor scheme and false billing schemes
  • Uncovering vendor over-billing fraud schemes
  • Uncovering disguise personal expenditures fraud schemes
  • How to build the fraud audit program

CPE Hours: 4

Lecture time: 3 hours

Practical exercise time: 1 hour

Advanced Preparation: None

Prerequisite: Fraud Risk curriculum and Integrating Fraud into the Audit Program learning module

Learning level: Intermediate

Field: Auditing

Delivery Method: Group Live

Course 2: Fraud Testing in the Procurement Scenarios
The course will cover: 
  • Synopsis of inherent fraud procurement schemes
  • Where and how influence occurs in procurement fraud
  • How to build the procurement fraud risk assessment
  • Testing for corruption and bribery scenarios
  • Testing for conflict of interests
  • Vendor bid rigging schemes
  • How to build the fraud audit program

CPE Hours: 3

Lecture time: 2 hours

Practical exercise time: 1 hour

Advanced Preparation: None

Prerequisite: Fraud Risk curriculum and Integrating Fraud into the Audit Program learning module

Learning level: Intermediate

Field: Auditing

Delivery Method: Group Live

Course 3: Fraud Testing for Payroll Scenarios
This course will cover:
  • Synopsis of inherent fraud payroll schemes
  • Ghost employee scenarios
  • False adjustments scenarios
  • Overtime fraud scenarios
  • Fraud committed by payroll staff
  • How to build the fraud audit program

CPE Hours: 2

Lecture time: 1 hour

Practical exercise time: 1 hour

Advanced Preparation: None

Prerequisite: Fraud Risk curriculum and Integrating Fraud into the Audit Program learning module

Learning level: Intermediate

Field: Auditing

Delivery Method: Group Live

Course 4: Locating Fraud in Travel Expenses
This course will cover:
  • Synopsis of inherent fraud travel schemes
  • Understanding the reasons for travel fraud
  • How travel fraud is concealment
  • Comprehensive list of travel fraud scenarios
  • How to build the fraud audit program

CPE Hours: 1.5

Lecture time: 1 hour

Practical exercise time: 0.5 hour

Advanced Preparation: None

Prerequisite: Fraud Risk curriculum and Integrating Fraud into the Audit Program learning module

Learning level: Intermediate

Field: Auditing

Delivery Method: Group Live

Course 5: Fraud Testing in Contracts
This course will cover:
  • Understanding the contract audit process
  • Corruption in the contract function
  • How to build arguments to support your conclusions
  • How vendors overbill contracts
  • Progress payment fraud scenarios
  • Non-conforming material scenarios
  • Cost mischarging scenarios
  • How to build the fraud audit program

CPE Hours: 3

Lecture time: 2 hours

Practical exercise time: 1 hour

Advanced Preparation: None

Prerequisite: Fraud Risk curriculum and Integrating Fraud into the Audit Program learning module

Learning level: Intermediate

Field: Auditing

Delivery Method: Group Live

Course 6: Fraud Testing in Sales and Cash Receipts
This course will cover:
  • Synopsis of inherent fraud sales and cash receipts schemes
  • Skimming scenarios
  • Theft of product for resale scenarios
  • Theft of cash receipts scenarios
  • Lapping and embezzling in accounts receivable
  • Customer fraud scenarios
  • Understanding concealment of schemes
  • How to build the fraud audit program

CPE Hours: 1.5

Lecture time: 1 hour

Practical exercise time: 0.5 hour

Advanced Preparation: None

Prerequisite: Fraud Risk curriculum and Integrating Fraud into the Audit Program learning module

Learning level: Intermediate

Field: Auditing

Delivery Method: Group Live

 

Other Fraud Training Curriculum:

Fraud Auditing, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.  

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