Fraud Detection Brainstorming for the Auditor: Designing Fraud Protocols As Part of Audit Plan
Recording of a 110-minute CPE webinar with Q&A
This course will provide audit and assurance professionals with a thorough guide to the auditor’s duties to detect fraud and to identify potential weaknesses in a company’s internal controls that could lead to financial or other types of fraud. The panel will focus on best practices for designing a fraud brainstorming session as part of the audit plan, and identify risk exposures to detect indicators of the possible existence of fraud in a company's financial statements or internal controls.
- Identify the types, costs and red flags of common internal fraud schemes
- Recognize the auditor’s fraud-related responsibilities in audit engagements and avoid potential malpractice
- Designing a fraud brainstorming protocol as part of audit plan
- Assessing processes to review during audit
The panel will explore these and other important topics:
- What common, but sometimes overlooked, fraud schemes are seen in financial statements?
- What key data points in financial statements can help indicate potential fraudulent activity?
- What is the difference between accounting error and financial statement fraud—and how should auditors approach these situations?
- How can audit professionals mitigate their own risk and exposure after identifying potential fraud in a financial statement?
Dr. Fiona Chen
Founder and President
Fiona Chen Consulting
Dr. Chen is a forensic accountant and forensic auditor. She has over 30 years of experiences in financial data... | Read More
Dr. Chen is a forensic accountant and forensic auditor. She has over 30 years of experiences in financial data analysis. She is a former IRS Revenue Agent where she specialized in income and employment taxes and financial products and transactions. She independently examined tax returns in millions of dollars, and she team examined publicly-held companies in billions of dollars. She is accredited certified in financial forensics.Close
Jamal Ahmad, CPA, CFE, CFF
Mr. Ahmad specializes in accounting and forensic investigations, and disputes related to complex financial issues, GAAP... | Read More
Mr. Ahmad specializes in accounting and forensic investigations, and disputes related to complex financial issues, GAAP and GAAS. He has more than 16 years of combined forensic accounting and litigation consulting experience, assisting leading law firms and corporations with forensic accounting, litigation consulting and corporate compliance matters, including compliance monitoring, fraud investigations, damage analysis, business interruption consulting, post-closing purchase price disputes and other litigation support matters. Prior to joining his current firm, he spent more than 15 years in the Forensic and Litigation Services practices of several global professional services firms, including Deloitte & Touche, PricewaterhouseCoopers (PwC), Kroll and FTI Consulting.Close
Mr. Siefert has more than 30 years of experience in assisting clients and counsel with forensic accounting, business... | Read More
Mr. Siefert has more than 30 years of experience in assisting clients and counsel with forensic accounting, business litigation support and audit services, as well as consulting on various accounting issues. He has led multiple investigations of alleged financial statement fraud and other misappropriations in various industries, including financial services, insurance, broker / dealer, healthcare, high-tech, manufacturing and real estate, and has participated on the defense teams of multi-million dollar securities class action lawsuits.Close