Regardless of the level of service we provide for our clients, they and the public believe that one of our responsibilities is fraud detection. If you're associated with financial statements, then that potential responsibility is often perceived as being even greater. In addition, every entity including your CPA firms, the companies you work for and your clients may all be potential fraud victims. Most fraud is committed by desperate individuals who will go out of their way to cover their tracks, yet fraud is largely preventable and can be more readily detected when less conventional approaches are applied.
This course explores fraud from the perspective of those who commit it, what motivates them and how internal controls can be designed to address the motivation. In addition, we'll address the signs of fraud and means by which the risk of fraud particularly fraudulent misstatement of financial information can be more narrowly identified for the purpose of developing more focused control activities and audit procedures.
Recognize the nature and characteristics of fraud and how they are significant in relation to its prevention and detection.
Determine what characteristics are likely to make internal controls more effective at fraud prevention.
Identify where controls might be needed and how to develop controls that have a greater chance at being effective at prevention.
Determine a methodology for developing audit procedures that more directly address areas representing greater risk.
Nature and characteristics of fraud
Profile of the fraud perpetrator
Internal controls for fraud prevention
Fraud detection techniques
All CPAs associated with financial information who wish to be part of the solution to the ever-growing fraud problem.
Advanced Prep: None
Speaker: Mark E. Dauberman, CPA
Field of Study: Accounting & Auditing
CPE Credit: 4 Hours
Meet the Speaker:
Mark Dauberman taught his first university accounting class in 1969 and has been involved in accounting education since having taught at CSUN, CSULA, UCLA, and Loyola Marymount University. He obtained his bachelors degree in accounting from California State University at Northridge (CSUN) in June of 1970. In 2010, he completed the Executive MBA program at the Peter Drucker and Masatoshi Ito School of Management at Claremont Graduate University, where he had been a student of Dr Drucker in 1971. Mark's public accounting experience includes working with various local firms throughout high school and college, and employment with Kenneth Leventhal & Company. More recently he was a partner at NSBN, a Beverly Hills CPA and business consulting firm. Mark's industry experience includes serving as assistant controller of a large trucking and warehousing firm. He has been both a controller and the Vice President of Finance and Administration for major real estate development companies. Mark also spent nearly 30 years as an entrepreneur, operating a business that prepared individuals for the CPA exam Mark currently provides CPE and technical staff training for CPA firms, private industry employers of accountants, and government organizations on topics that include applying the risk assessment standards, fraud, internal and external auditing, developing internal controls, strategic planning, and practice management. In addition to numerous CPE courses and articles, Mark authors the CCH publication Knowledge-Based Compilations & Reviews. He also provides consulting services to CPA firms, providing assistance on matters involving strategic planning; partner compensation issues; client management; and the planning, performance, and review of financial statement services.