NAA2415. Fraud at my client? Say it isn't so!

This session will include a discussion of common fraud schemes (e.g., check tampering and abuse of company credit cards), steps auditors can take to identify and respond to them, and recommendations that auditors can share with clients to help them mitigate the risks of fraud. Using a “back-to-basics” approach, the session will also cover some tried and true practices that auditors can use to identify, assess, and respond to the risks of fraud in both virtual and in-person audits.

Learning Objectives:

• Identify risk factors associated with inadequate control environments that facilitate the occurrence of common fraud schemes.
• Identify actions available to both management and those charged with governance to mitigate the risk of fraud within their organizations.
• Use a presumptive mindset to a more investigative rather than a presumptive mindset when brainstorming about fraud risks.
• Identify leading practices that auditors can use for identifying, assessing and responding to the risks of fraud.