Course Description:
This course uses cases of three recent accounting frauds to demonstrate the importance of internal controls, management oversight by the board of directorsand an organizational emphasis on ethics in the prevention of fraud.  It also examines the CPAauditor’s responsibility for internal controls and the prevention and detection of fraudas part of its work.  The case studies utilized relate to Koss Corporation, Fair Finance Company and Diamond Foods.

Learning Objectives:

• After completing this course, you will be able to:
• Recognizethe auditor responsibility for internal controlsand fraud detectionas part of its audit
• Associate fraud with inadequate internal controls
• Recognize the importance of independent board of director and audit committeeoversight in the prevention of fraud

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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