Fraud involves an intent to deceive, which makes it more difficult to detect. Internal audit plays an important role in identifying the potential for fraud, and monitoring for transactions, events, and trends that may indicate fraud.
Course ID: RIAMFR
The Role of Internal Audit in Managing Fraud Risk
Learning Objectives
• List common red flags of fraud
• Recall best practices for preventing or detecting fraud
• Recognize the negative impact that fraud has on financial statements and an entity’s ability to achieve its objectives
Major Topics
• The importance of identifying, evaluating, and responding to fraud risk
• Fraud risk management strategies
• Concepts of risk appetite and risk tolerance
• Current fraud trends and how to prevent or detect them
Who Should Attend
Anyone responsible for identifying and managing enterprise risks
Fields of Study
AuditingPrerequisites
None