- NY Credits : 8.0
- TX Credits : 8.0
Internal Control and Fraud Detection
The introduction of Sarbanes-Oxley (SOX) Act law fueled rapid growth in the organizational importance of internal control systems. Appropriate interpretation and implementation of the internal control framework is vital for every organization. This course incorporates and reflects up-to-date guidance from the PCAOB, the AICPA, the ACFE, and the principles of 2013 COSO Framework. The course not only addresses the theoretical concept of the internal control systems but also provides readers with the practical guidance they need to assume a role in the design, implementation, maintenance and evaluation of a comprehensive framework of internal controls for their organizations. This course is most beneficial to professionals new to internal control and fraud detection who may be staff or entry level but also for experienced professionals with limited exposure to these topics.
This course meets the requirements to qualify for both California: Detection and/or Reporting of Fraud and Association of Certified Fraud Examiners (CFE) fraud categories.
Upon successful completion of this course, the user should be able to:
identify the functions and limitations of internal control,
recognize some common and important control procedures,
determine the implication and significance of the Sarbanes-Oxley Act,
recognize key procedures involved in identifying risks and controls,
identify the audit objectives, scope, and procedures applied to the integrated audit,
identify the most common schemes and fraud symptoms,
recognize techniques to prevent and detect fraud,
identify the types of sampling and how to use them, and
recognize the role of forensic accounting.