Assessing Fraud Risk
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The internal audit activity is responsible for assessing the organization’s risk management processes and their effectiveness, and one detail that cannot be overlooked is assessing the potential for the occurrence of fraud when planning each engagement. Therefore, internal auditors must consider the probability of fraud and ensure adequate review of the risks relevant to each engagement. This course describes the characteristics of fraud and the process of identifying and assessing fraud risks when planning individual audit engagements. It also outlines the process of incorporating a fraud risk assessment into engagement planning, including the topics of gathering information, brainstorm fraud scenarios, identifying and rating fraud risks, and determining which fraud risks should be evaluated further during the engagement.
ADVANCE PREPARATION: None
AUTHOR: IIA
AUDIO/VIDEO: N/A
CATEGORY: Fraud
COMPETENCIES: Performance
COURSE EXPIRATION: 30
DELIVERY FORMAT(S): Self Study
FIELD(S) OF STUDY: Auditing
PREREQUISITE(S): None
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Course Catalog
This catalog contains all course offerings that are currently scheduled. Details include Course Offering Name, Delivery Method, Start Date, End Date, and Schedule for each course.
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Course Offerings
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On-demandAvailable Anytime
$59.00