Fraud Auditing Administrative Policies for NASBA Certification
Record Retention Policy
Fraud Auditing, Inc. has adopted NASBA record retention guidelines. Fraud Auditing, Inc. will retain for five years: records of participation, dates and locations of program offerings, number of continuing professional education (CPE) credits earned by participants, program descriptive materials, and results of program evaluations.
Fraud Auditing, Inc. will retain for five years: records regarding the author, developer, reviewer names and instructors and their respective credentials.
Fraud Auditing, Inc. will retain necessary records for auditing authors, reviewers and instructors regarding license number, status of license and state of licensure.
Fraud Auditing, Inc. is providing in-house training contracted directly with the organization. In the event that the company believes the course materials are not consistent with their understanding a refund of up to 50% of training fees will be offered. Travel costs of the instructor and books costs are not refundable. Costs for the fraud risk registers are non-refundable.
Program Cancellation Policy
Fraud Auditing, Inc. provides in-house training versus a public seminar environment. Cancellations by Fraud Auditing, Inc. would only occur due to health reasons, family emergencies or weather conditions. Cancellations by the client must occur at least 30 days prior to the event, excluding cancellations caused by health, family emergencies and weather conditions.
Communication of cancellations by Fraud Auditing, Inc. would be initiated via a telephone call and confirmed through an email.
Complainant Resolution Policy
Contact Michael Gubler, the Business Account Manager at Fraud Auditing, Inc., at 518-784-2919.
Course Update Policy
Courses are reviewed, at a minimum, on an annual basis by Mr. Vona for required updates to course content or presentation. Training material will have the most recent publication, review or revision date. If critical issues or changes occur during the year, Mr. Vona will assess the need to update the course material at the time of the change.
Program Content Development
All program content is developed by Mr. Vona, and Mr. Vona will determine the program knowledge of basic, intermediate, advanced, overview and update. The reviewer of course material is required to affirm the knowledge level as part of the review process. Each core curriculum descriptive materials will indicate the prerequisite education or experience necessary for the class including whether advance preparation is required.
Content and Delivery System
All instructors must be a Certified Professional Accountant and have at least one fraud designation. The instructors must have the requisite experience in auditing, forensic accounting or fraud auditing.
Content is Developed by a Subject Matter Expert
All course material is developed by Mr. Vona. Course material will be reviewed by a subject matter expert. The individual will need to be a CPA and requisite experience in auditing, forensic accounting or fraud auditing. The review process will occur before the first presentation and again after all significant revisions.
Leonard W. Vona, CPA, CFE, is the CEO of Fraud Auditing, Inc. and a world-renowned authority in fraud auditing. He has provided expert witness testimony in federal and state courts; consulted with corporations around the world; and is the author of Fraud Risk Assessment: Building the Fraud Audit Program, The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems and Fraud Data Analytics Methodology: The Fraud Scenario Approach published by Wiley. A forensic accountant with more than 38 years of diversified forensic auditing experience, he was provided more than 1,500 days of fraud training around the world in over 35 countries and 48 states.
Content is Based on Relevant Learning Objectives and Outcomes
The training courses are based on core curriculum with each core curriculum containing learning modules. The core curriculum starts with a description of course content. Within the core curriculum there are learning modules with clearly identified learning objectives.
Each training event is designed by the client in conjunction with Mr. Vona. The client selects the curriculum and the learning modules. The CPE hours provided are solely based on the hours described in the learning module. Each module concludes with practical exercises.
Specialized Knowledge - Technical
Course material is not industry based.
Certificate of Completion
At the conclusion of the training, attendees will be provided a certificate of completion. Fraud Auditing, Inc. will use the same format provided as an example in the NASBA guidelines.
Evaluation of instructor’s performance
At the conclusion of each course, program sponsors will be requested to evaluate the instructor’s performance consistent with standard S14.01. Fraud Auditing, Inc. will use the same format as suggested in the NASBA guidelines.
Fraud Auditing, Inc. will perform an annual review of sponsor evaluations to ensure program effectiveness.