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Fraud Issues & Answers for Auditors:

The Auditor’s Role in Fraud Prevention, Detection & Incident Handling

$250.00 for the two-day program (16 CPE credits)

Early Registration price of $225.00 for registrations received by Friday, October 1 

Summary

Most managers and Board members expect that audit groups possess and can effectively deploy fraud-handling expertise. With the additional expectations of the Sarbanes-Oxley Act and similar compliance regulations, professional auditors are working harder than ever to define their fraud-handling role and be part of the solution. 

But even very experienced auditors will acknowledge that handling wrongdoing, misconduct and fraud issues, while interesting, is an area of great uncertainty and risk.  What is needed is a place for auditors at all levels to learn the skills necessary to respond appropriately and effectively to these challenges.  This two-day seminar will provide this skill development opportunity.

Learning Objectives

 This two-day seminar for audit professionals will help participants be more effective in:

• Assisting management with fraud prevention and detection
• Identifying fraud exposures and risks
• Detecting fraud and misconduct
• Handling fraud incidents

Agenda 

Thursday Morning – October 21 

The Auditor’s Role in Fraud Deterrence and Prevention 

Auditors looking for opportunities to demonstrate unexpected value should assist managers in their fraud prevention and deterrence responsibilities.  Upon completing this program, participants will:

• Be able to explain who commits fraud, and why
• Help management create an anti-fraud environment
• Sponsor a major fraud initiative, including 15 specific action steps
• Conduct a Fraud Risk Assessment
• Create a Fraud Risk Inventory
• Better manage prevention expectations

 Thursday Afternoon – October 21 

Fraud Detection for Auditors 

This session will address the skills and mindset necessary to detect wrongdoing on audits.  Participants will:

• Increase the probability that fraud and wrongdoing will be detected
• Build fraud risks into audit planning on every project
• Brainstorm “Like a Thief”
• Develop and implement aggressive detection practices
• Utilize “Three Step Detection” on every audit
• React to common fraud indicators, red flags, and symptoms
• Build audit programs steps targeting fraud
• Detect fraud schemes in results reporting
• Detect misappropriation schemes
• Utilize discovery testing, data analysis, interviewing, and monitoring to improve detection

Friday Morning – October 22 

Fraud Incident Response for Auditors 

This session will help auditors react to fraud schemes detected by their organizations or reported by whistleblowers.  Planned topics include:

• Building an effective response team
• Defining the role of internal auditing in the investigative process
• Understanding common investigative techniques
• Skills needed for effective incident response and case management
• Strategies for fraud by vendors, contractors and other third parties
• Documenting a fraud case
• Working effectively with attorneys and external authorities
• Avoiding common mistakes

Friday Afternoon – October 22 

Case Studies in Wrongdoing, Misconduct and Fraud 

This session covers actual fraud issues and cases encountered by internal auditors.  Participants will brainstorm next steps and solutions, and create plans to take seminar examples from detection through conclusion.  

Planned case topics include: 

• Travel and entertainment cost reimbursement
• Procurement and contracting
• Third party “shadow deals”
• Cash receipts and disbursements
• Manipulating results

Seminar time will be specifically allocated for participant brainstorming, and for the sharing of successes and challenges encountered in handling fraud incidents.

Instructional Method, Program Length &

Continuing Education Credits

This seminar utilizes a combination of lecture, discussion and short exercises, and is offered in   two-day format.  In accordance with the standards of the National Association of CPE Sponsors, Continuing Professional Education credits have been granted based on a 50-minute hour.  National Registry of CPE Sponsors ID Number: 108226

Program Level:                                 Intermediate

Prerequisites:                                    None

Advance Preparation:                       None

Delivery Method:                              Group-Live

Field of Study:                                   Accounting & Auditing (Fraud Detection and Reporting)

Recommended CPE Credits:          16 credits

Seminar Location

Session Times

Registration will begin at 7:30 each morning. 

Program sessions will start promptly each day at 8 AM and will last until 4:30 PM. 

Continental breakfast will be available at 7:30 each morning. 

75 minutes will be allotted for lunch each day to allow participants to take advantage of the many nearby restaurants – several options available within walking distance.  Lunch will not be provided as part of the program. 

Seminar Cost

$250.00 for the two-day program (16 CPE credits). 

Early Registration price of $225.00 for registrations received by Friday, October 1       

Arrangements will be available for a limited number of participants seeking to attend only one day at a cost of $150.00 for one day (8 CPE credits).

Registration and Contact Information

For registration or additional information, contact us at:

jhall@hallconsulting.biz

Best Phone (cell): (312) 560-9931

Office Phone: (970) 926-0355

eFax: (312) 873-4215

  Seating will be limited based on seminar room capacity. 

For more information on Hall Consulting, Inc., including our

cancellation, refund and complaint policies please see our website at

www.hallconsulting.biz 

About Your Instructor: John J. Hall, CPA

John Hall is the president of Hall Consulting, Inc.  Hall Consulting specializes in skills training programs and conference presentations for internal auditors, CPAs, management groups and professional associations.  John’s personal specialties include fraud prevention, detection and case response, audits reviews of construction and related contract services, and behavior, communication and leadership skills development for audit professionals.

Mr. Hall has over 30 years of experience as a consultant, speaker and business owner and in public accounting, internal auditing, and corporate management positions.  He is a member of the American Institute of CPAs and the Institute of Internal Auditors (Denver Chapter).  He has instructed IIA seminars for over 20 years.

John resides near Vail, Colorado, and is a member of the Board of Trustees and Audit Committee of The Keystone Center in Keystone, Colorado and Washington, DC (www.keystone.org ).