CPE SESSION 35: SUNDAY, AUGUST 8, 1:00 PM – 4:30 PM

Investigating Fraud

Description/Objectives:
SAS No. 99 demands new procedures for fraud during a financial statement audit. This course begins with an explanation of the magnitude of fraud and the importance of detection, followed by an explanation of the types of fraud schemes about fraud investigation methods. The fraud examination process is explained, and discussions about intent and evidence will include case studies. The interviewing process of witnesses and perpetrators is explored, including tips for interviewers. Suggestions for writing the fraud report, maintaining credibility on the witness stand, and surviving cross-examination help to bring the course to a conclusion. A dynamic, hands-on case study provides interaction and practical experience in applying investigation techniques, and will stimulate lively discussion. At the end of the course, participants should understand the importance of fraud detection, be able to explain the elements of fraud, describe various fraud schemes and provide detection techniques, and understand the steps involved in a fraud investigation.

Format/Structure:
A colorful PowerPoint® presentation, supplemented by a bibliography of works cited, investigation tips from fraud auditors, and a hands-on case study utilizing the group case approach.

Intended Audience:
Faculty desiring to add an overview of fraud investigation to any upper-level accounting course; auditors and internal auditors who may find themselves in the midst of fraud discovery; and accountants from any sector wishing to become active in fraud detection and/or to improve their detection techniques.

Presenter:
Lynn H. Clements, Florida Southern College

* Denotes special requirements or prerequisite