This course discusses the role that a strong fraud prevention and detection program can have in supporting the governance structure, the importance of a fraud risk assessment, and how this assessment enables an organization to develop preventive and detective fraud controls, and finally, the implications fraud has on the role and focus of the internal audit function are explored.
- Identify the definitions of governance, risk management, and control in the context of fraud.
- Identify fraud prevention, deterrence, and detection techniques.
- Identify the behavioral aspects of fraudsters.
- Identify internal auditors' compliance and fraud-related responsibilities related to protecting the organization from regulatory violations.
- Identify the evolving responsibilities of the internal audit function, including the involvement of forensic accountants and fraud examination specialists.