Internal Audit Best Practices

Best Practices for Internal Auditors/Part III: Fraud Risk Management

Course Overview
This course provides an overview of the best practices for internal auditors with respect to fraud risk management, fraud prevention, and monitoring. This includes a discussion of the current regulatory landscape, an overview of anti-fraud controls, and identification of common fraud schemes. The course also includes an overview of the building blocks to an effective fraud risk management program, actions to deter, prevent, or detect fraud, and procedures that can be implemented to enhance FCPA compliance. Finally, this course presents the key steps in a typical fraud monitoring process.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Recognize the current regulatory landscape as it relates to fraud
  • Identify questions to be asked regarding a company's anti-fraud controls
  • List the common priorities of a company's audit committee
  • Recognize common fraud schemes as it relates to accounting, procurement, and payroll
  • Identify the building blocks to an effective fraud risk management program
  • Recognize common red flags as it relates to fraud
  • Identify actions to deter, prevent, or detect fraud as well enhance FCPA compliance
  • List the steps in the fraud monitoring process

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
    provides services to over 100,000 subscribers. SmartPros' customers include
    50% of the Fortune 500, as well as the major firms and associations in each
    of its professional markets.

    Speaker / Author:

    Anthony S. Chan is president of CA Global Consulting Inc. He is a seasoned CPA, former audit partner, CFO and finance executive with over 25 years of professional experience in auditing and SEC reporting, mergers and acquisitions, business turnaround, internal controls and risk management, FCPA and SOX compliance, financial and operational due diligence as well as CFO advisory. He is Audit Committee Chair & Board of Director of the New York State Society of CPAs. Mr. Chan holds an MBA degree in Finance and Investments from Baruch College of the City University of New York and a B.A. degree with dual majors in Accounting and Economics from Queens College of the City University of New York.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Sound card with speakers/headphones
    • Windows or Mac OS


    Price (USD)

    Standard Rate: $49.90


    Course Code : 99CHA05

    Release Date : 08/01/2016
    Expire Date : 09/01/2020
    Credits :
    CPE 2.00
    QAS 2.00

    Course Level : Basic
    Course Type : Self-Study
    Length : 1hr 40min
    Passing Grade : 70%
    Field Of Study : Auditing
    Theme : Internal Audit Best Practices

    Format Type : eLearning
    Mobile Compatible

    Returning Subscribers

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