Course Information
Increasing Auditor Effectiveness in Recognizing & Detecting Fraud
Parking for SAO, Professional Development courses is in Garage B (1511 San Jacinto Blvd.). The Garage signage may read 1511 San Jacinto or Garage B. The elevator in Garage B is not reliable. If you are unable to walk the stairs, please contact the professionaldevelopment@sao.texas.gov for alternate parking arrangements. Handicapped parking is free at the meters around the downtown area.
A course coordinator will Email you a parking permit prior to the course start date. A permit must be displayed or you will be ticketed.
Course Description
Standards for auditors, including those issued by the IIA, AICPA, and government, call for auditors to be knowledgeable about fraud exposures and symptoms of fraud in areas audited. This one-day course provides specific approaches and steps to help auditors recognize and detect fraud. It is a "how to" course which presents suggestions for detection and for creating an environment that promotes discovery of fraud. Participants receive a student notebook containing discussion notes, exercises and narratives. Exercises are used to reinforce the lecture and case examples and ensure that exposures and symptoms of fraud are understood.
Course Objectives
Upon Completion of this course, participants will be able to:
· Know fraud-related challenges and dangers
· Understand why fraud goes undetected by auditors and management
· Create a practical role for auditors in fraud detection
· Understand how to build fraud detection into routine audit activity
· Recognize behavioral red flags of fraud
· Identify common and uncommon purchasing related fraud exposures
· Understand the impact of current technology on fraud exposures and how to use technology to bring fraud to the surface
· Understand practical approaches to prevention of fraud
Course Content:
· Establishing an environment for handling fraud
· Understanding management response
· Establishing a policy for fraud
· The Five Step Approach to Fraud Detection
· Understanding what can go wrong
· Recognizing symptoms of fraud occurrence
· Using and misusing red flags of fraud
· Using data analysis for fraud detection
· Understanding fraud in purchasing
· A model for controlling contracts and grants
· The Four Step Approach to Fraud Prevention
Instructors
Courtenay Thompson is a recognized authority on training managers, auditors and investigators in fraud-related matters. He has designed and presented courses on fraud prevention, detection and investigation for business and government organizations worldwide. His courses are known for providing practical, proven approaches to real problems. These practical approaches have yielded dramatic results for class attendees.
In addition to fraud-related programs, Mr. Thompson provides training on audit interviewing, improving personal and professional effectiveness, behavior and communication skills, leadership and auditing contracts. For 13 years, Mr. Thompson was editor of "Fraud Findings" in The Internal Auditor magazine.
Prior to entering the consulting field, Mr. Thompson's experience in public accounting and internal auditing provided exposure to a number of types of impropriety including embezzlement, insurance fraud, loan fraud, stock fraud, kickbacks and bribery, misappropriation of funds and mail fraud. In additional to personally detecting and investigating suspected fraud cases, he established corporate policies for fraud and trained other auditors in fraud detection and investigation. Responsibilities included working with top management and reporting to the audit committee on the status of open cases. He has worked closely with legal counsel, law enforcement and prosecutors.
Additional Information
If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.
The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.
Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.
You might want to bring a light sweater or jacket, as room temperatures vary.
To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html.