Seminars l Fraud FRAUD

Sept. 26 | Open 8 a.m. Program 8:30 a.m. – 4 p.m. WICPA Professional Development Center, Waukesha

Assessing the Risk of Fraud in a Financial Statement Audit (ARF8)

Joann Noe Cross, CPA, PhD, CMA, CGFM, CGMA, Emerita Professor of Accounting, University of Wisconsin–Oshkosh

The Association of Certified Fraud Examiners says there is fraud lurking in all businesses, including not-for-profit organizations. It often goes undetected for years, and when uncovered, management and the board may question why an auditor did not identify it. The auditor’s responsibility in a financial statement audit is to assess risk and perform sufficient procedures to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error. However, failure to perform an adequate fraud risk assessment and report deficiencies in internal control, such as a lack of segregation of duties, can leave a firm vulnerable. This course will discuss the audit procedures that should be performed in accordance with AU-C §240 as recently amended, best practices in performing fraud risk assessment procedures, when and how to report control deficiencies noted in an audit, and the most frequent types of fraud found in small to mid-sized entities, along with internal controls that could be implemented to help prevent and detect them. We will look at various cyberfraud schemes and how they might be prevented or detected, the use of analytics as fraud risk procedures and assessments of fraud risk in a single audit. This course features case studies.

Registration:

$399 member | $499 nonmember

$349 retired, part-time, unemployed/ leave-of-absence

$50 early bird discount if registered & paid 30 days prior to program

Level of knowledge: Beginning CPE credit: 8 credits

Developed by: Surgent

Oct. 26 | Open 8 a.m. Program 8:30 a.m. – noon

Real-World Frauds Found in Not-forProfits (CL4RFNF)

Anne Marchetti, President, Account-Ability Consulting

Due to the nature of not-for-profit organizations (NFPs), fraud may be more common than it seems. Through a comprehensive learning approach using real-world examples, explanations of audit standards and informative case studies, learn how to recognize red flags of fraud in NFPs, including cyberfraud. This course analyzes several unique frauds that have occurred in the NFP industry.

Registration:

$199 member | $249 nonmember

$175 retired, part-time, unemployed/ leave-of-absence

Level of knowledge: Intermediate CPE credit: 4 credits

Developed by: AICPA

Oct. 26 | Open noon Program 12:30 – 4 p.m.

Real-World Frauds Found in Governments (CL4RFGO)

Anne Marchetti, President, Account-Ability Consulting Frauds in governments are as unique as government entities themselves.

Through a comprehensive learning approach using examples, explanations of audit standards and informative case studies, learn about realworld government fraud, including cyberfraud, and your responsibilities when dealing with government fraud. This course analyzes several unique frauds that have occurred in the government sector.

Registration:

$199 member | $249 nonmember

$175 retired, part-time, unemployed/ leave-of-absence

Level of knowledge: Intermediate CPE credit: 4 credits

Developed by: AICPA

Dec. 8 | Open 8 a.m. Program 8:30 a.m. – 4 p.m.

Winning the Fraud Battle in the Digital Age: Prevention & Detection (CFVV) Frank Gorrell, CPA, MSA, CGMA

The focus of this course is reducing the overall risk of fraud. Instruction will cover the factors that play a role in turning honest employees into fraudsters. Discussion will touch on integrity and ethics as well as how the reactions of people in certain situations may impact the prevalence of fraud.

Registration:

$369 member | $469 nonmember

$319 retired, part-time, unemployed/ leave-of-absence

$50 early bird discount if registered & paid 30 days prior to program

Level of knowledge: Beginning

CPE credit: 8 credits

Developed by: Surgent