| http://www.google.com/search?q=3D.xls+Financial+Statem=
ent+Reporting+Ratios+Fraud+Risk+Scoring+Matrix&hl=3Den&start=3D0&am=
p;sa=3DN |
| 6.
Fraud Risk Assessment at the Audit Level |
|
| -
fraud scheme approach |
|
| -
the fraud opportunity approach |
|
| -
the red flags of fraud |
|
| -
techniques for assessing the risk of fraud |
|
| -
linking internal controls to fraud risks |
|
| -
linking the audit response to fraud risks |
|
| -
business risk factors |
|
| -
building the risk matrix |
|
| -
individual and aggregate fraud risks |
|
| =
|
| 7. Financial Statement
Fraud |
|
| -
the revenue cycle |
|
| --
revenue fraud |
|
| --
early recognition schemes |
|
| --
journal-entry revenue |
|
| -- reserves |
|
| -
inventory fraud schemes |
|
| -
expenditure fraud schemes |
|
| -
recent major frauds: lessons learned |
|
| =
|
| 8.
Misappropriation of Assets |
|
| -
purchasing fraud |
|
| -
disbursement fraud |
|
| -
accounts payable fraud |
|
| -
payroll fraud |
|
| -
contract fraud |
|
| -
revenue fraud |
|
| -
theft of inventory, equipment, and assets |
|
| -
external fraud |
|
| -
information theft |
|
| -
treasury function |
|
| =
|
| 9.
Conducting the Fraud Investigation |
|
| -
the fraud investigation plan |
|
| --
developing a fraud theory |
|
| --
building your fraud team |
|
| --
determining which laws apply |
|
| --
determining necessary and available evidence |
|
| --
linking people to evidence |
|
| -
fraud investigation methodology |
|
| -
predication issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Testing
for Fraud in Key Financial Accounts |
| What to Look for as Part of the S-OX Process |
|
| Learning
Level: |
Advanced
| |
| CPEs: |
22
| Fee: |
$1,595.00
|
|
|
|
|
| What You Will Learn |
| 1. Planning the Financial Fraud Audit |
| - major types and magnitude of common fraud tactics |
| - the fraud triangle: pressure, rationalization, and opportu=
nity |
| - traits of individuals who commit fraud |
| - the concealment factor in committing fraud |
| - designing audit steps to detect fraud |
| - using control theory to develop controls that prevent frau=
d |
| - why internal controls fail |
|
| 2. Generally Accepted Auditing Standards (GAAS): Getting the
Rules Straight |
| - SAS 54 illegal acts |
| - SAS 84 management representations |
| - SAS 99 consideration of fraud in financial statements |
| - SAS 103 audit documentation |
| - SAS 104 codification of auditing standards and procedures<=
/td>
|
| - SAS 105 generally accepted auditing standards |
| - SAS 106 audit evidence |
| - SAS 107 audit risk and materiality in conducting an audit<=
/td>
|
| - SAS 108 planning and supervision |
| -
SAS 109 understanding the entity and its environment and assessing the ri=
sks
of material misstatement |
| -
SAS 110 performing audit procedures in response to assessed risks and
evaluating the audit evidence obtained |
| - SAS 111 audit sampling |
| - SAS 112 communicating internal control related matters
identified in an audit |
|
| 3. The Risk of Fraud in Financial Reporting |
| - how accrual accounting and generally accepted accounting
principles (GAAP) can be used to "manage earnings" |
| - accounting measurement, valuation, classification, and
matching issues |
| -
the conventions of comparability and consistency, materiality, conservati=
sm,
and full disclosure |
|
| 4. Understanding the PCAOB Audit Standards |
| - PCAOB standard 1, 2, and 3
|
| - internal control considerations for financial reporting
|
| - fraud considerations in an audit of internal control |
| - audit requirements of internal control over financial
reporting |
|
| 5. Revenue Fraud Schemes |
| - GAAP revenue principals |
| - fictitious revenue schemes |
| - improper revenue recognition schemes |
| - journal entry revenue fraud schemes |
| - how to data mine for revenue fraud |
| - audit procedures to uncover fraud |
| - how revenue fraud is concealed |
|
| 6. Expenditure Fraud Schemes |
| - improper capitalization of expenses<=
/font> |
| - deferring current expenses |
| - not recording expenses |
| - reporting non-operating expenses |
|
| 7. Inventory Fraud Schemes |
| - fictitious inventory schemes<=
/td>
|
| - manipulation of inventory record schemes |
| - obsolete inventory schemes |
| - how to data mine for inventory fraud |
| - audit procedures to uncover fraud |
|
| 8. Cash Fraud Schemes |
| - kiting fraud |
| - unrecorded checking accounts |
|
| 9. Other Asset Fraud Schemes |
| - accounts receivable |
| - fixed assets/land |
| - expense deferral accounts |
|
| 10. Liability Fraud Schemes |
| - unrecorded operating liabilities |
| - contingent liabilities |
|
| 11. Journal Entry Fraud Schemes |
| - how to test journal entries
|
| - building the fraud theory to select journal entries |
| - characteristics of fraudulent entries or adjustments |
| - characteristics of fraudulent accounts containing fraudule=
nt
journal entries |
|
| 12. Management Override Fraud Schemes |
| - management estimates: criteria and
methodology |
| - improper treatment of non-recurring transactions |
| - complex business frauds |
| - disguise compensation and benefit schemes |
| - conflicts of interest |
|
| 13. Accounting for Stock Options |
| - stock option fraud schemes |
| - understanding the accounting principles for stock options<=
/td>
|
| - justice department perspective on option fraud |
|
| 14. Misappropriation of Assets Schemes |
| - purchasing cycle fraud |
| - favored vendor |
| - disguised purchases |
| - cash disbursements/accounts payable fraud |
| - false-billing |
| - fictitious vendor |
| - fictitious documentation |
| - payroll fraud |
| - fictitious employee |
| - other false employee |
| - fraud in the payroll office |
| - inflated hours |
| - theft-of-assets fraud |
| - inventory theft |
| - vendor fraud |
| - fixed assets |
| - other misappropriation schemes |
|
| 15. Real-Life Fraud: Case Studies |
| - techniques used to perpetrate and conceal fraud |
| - how the auditors missed the fraud |
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Data Mining for Auditors Using Excel Microsoft Office Accoun=
ting
& WizSoft |
| A Logical Approach to Continuous Auditing and Governance |
| Thu.6-9
PM 5-30-07 UM (University of Miami) SBLab204 Fri. 4-6 PM FIU (Florida
International University) =
|
|
| AAA
Annual Meeting Sat_Aug_3_2007_8-11am_AAA_Chicago_Illinois_ Audited_Google_
e-Store |
|
| Learning
Level: |
Intermedia=
te |
|
| CPEs: |
22
| Fee: |
|
|
|
|
|
|
|
| Sarbanes-Oxley redefined corporate governance and audi=
ting
as we know it, and placed a tremendous burden on corporate resource=
s,
nowhere as drastically as on Internal Audit. Clearly, as
difficult and costly as it is to become compliant with Sarbanes-Oxl=
ey,
it will be far more costly to maintain compliance in the future.&nb=
sp;
Now is the time to formulate a strategy that will take your audit and
governance functions to the next level and affirm the assurances gi=
ven
to senior management are business-focused, reliable, and timely.&nb=
sp; |
|
| A logical audit presence driven by data and coupled wi=
th
continuous/virtual audit techniques is a practical solution to
achieving this goal. By incorporating a systematic plan for
implementing a more progressive audit strategy, internal audit will be
securing its role as a critical part of the management and governme=
nt
structure. |
|
| In
this seminar you will learn how to effectively use data as the driver for
multiple audit functionalities, from risk assessment to highly
effective visual-based audit reports. You will learn which da=
ta
to mine to minimize audit resources and maximize audit outcomes by
delivering business-focused recommendations that will bring about
change. In addition, you will learn how to create and use
progressive system- and data-centric audit tools and techniques&nbs=
p; for
performing continuous auditing that will enable your organization t=
o be
in full compliance with the real-time disclosure requirements of
§409 of Sarbanes-Oxley. |
|
| Learning Level: Intermediate
|
|
| NASBA: Specialized Knowledge and Appli=
cation |
|
|
| Data Mining for Auditors |
| A Logical Approach to Continuous Auditing and Governance |
|
|
| Learning
Level: |
Intermedia=
te |
|
| CPEs: |
22
| Fee: |
|
|
|
|
| Agenda |
|
|
| What You Will Learn |
| 1. Aligning the Audit Function with the Business |
| - analyzing the roles of audit in relationship to the busine=
ss |
| - setting the tone for a data centric audit process: core
structure analysis |
| - defining the key audit disciplines and their role in the
continuous/virtual audit process |
| - the audit spectrum: today to the future |
| - traditional vs. continuous audit process |
| - virtual audit process |
|
| 2. Defining Data Mining/Continuous Auditing |
| - what is data mining and what are its uses |
| - software alternatives you can use |
| - defining continuous/virtual auditing: where it
can/should be used |
| - why continuous/virtual auditing is the key to ongoing
S-OX compliance; delivering a real live business tool |
| - the impact on the audit process as we know it |
| - defining the advantages to the business; what is the=
ROI |
| - understanding the up-front costs and the long-term
benefits |
| - defining the advantages to audit/consulting group
|
| - the interrelationship between risk assessment and
continuous auditing |
|
| 3. Maximizing the Use of Data |
| - the language of management |
| - defining the data inventory in relation to the busin=
ess
structure |
| - closing the expectation gap |
| - performing more effective and efficient audits |
| - multi-purpose audit tools |
|
| 4. Using Data Mining to Operate an Enterprisewide Risk
Methodology |
| - establishing the data/information inventory that wil=
l be
the primary indicators of risk in each part of the organization |
| - understanding the logical data pathway of the risk d=
ata
indicators |
| - designing the responsibility spectrum for risk |
|
| 5. Data Analysis Methodologies: Logically Focusing the
Audits on Critical Business Concerns |
| - trend analysis |
| - pivotal points of change analysis |
| - mean dispersion analysis |
| - ratio analysis |
| - period–to-period comparisons |
| - data stratification |
| - profiling: the key to focused auditing |
| - data patterns: fraud factors a critical part of audit
responsibilities for S-OX and PCAOB |
|
| 6. Defining a Continuous Audit Process for Maximum
Effectiveness |
| - establishing the key tools: Auditing Real Time (ART)=
--
embedded audit routines (EARs) |
| - triggers |
| - metric oversight monitoring systems (MOMS) |
| - integrated audit methodologies (IAMs) |
| - auditing near time (ANT) |
| - GAS |
| - report writers |
| - SQL |
| - automated downloads |
| - standard SW alternatives |
| - rethinking the audit norm |
| - asking some key questions about current audit proces=
s |
| - proposing alternatives to current methodologies |
| - movement toward a solution-based audit format |
| - solution optimization audit process (SOAP) |
| - key components of the SOAP approach |
| - maximizing the audit outcome; minimizing the input
|
|
| 7. Focusing Reporting on Outcomes Not Outputs |
| - product of the audit function |
| - redefining the audit report to a business-focused fo=
rmat |
| - determining the structure of the report to meet the
stakeholder’s needs |
| - minimizing the wasted effort of reporting and follow=
-up
by redefining the tools and the report structure |
| - maximizing your provable value to the organization
|
| - building in the follow-up tools; a byproduct of this
methodology |
| - laying the baseline for future improvements |
|
|
| REGISTRATION QUESTIONS? |
| IN-HOUSE SEMINARS |
|
|
|
|
|
|
|
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| Computer
Forensics: Tools and Techniques - NEW! =
; |
| How to Facilitate Your Forensics Investigations and Maintain
Evidence Integrity |
|
|
| Learning
Level: |
Intermedia=
te |
|
| CPEs: |
22
| Fee: |
$1,695.00
|
|
|
|
|
|
| Agenda |
|
|
| What You Will Learn |
| 1. Introduction to IT Forensics Investigations |
| - external penetration for fun or profit |
| - internal abuse of resources |
| - damage control considerations |
| - subpoena compliance |
| - forensics terminology |
| - current cases |
|
| 2. Incident Detection and Initial Response |
| - extortion and Web site defacement |
| - log review and intrusion detection systems |
| - luck’s role |
| - building your incident response team |
|
| 3. How the Control Environment Impacts Forensic Investigatio=
ns |
| - access controls |
| - policies |
| - logs/audit trails available |
|
| 4. Case Management Tools and Techniques |
| - how case management tools work |
| - documentation requirements |
| - examples of tools |
|
| 5. System Preservation and Damage Control |
| - keeping your systems up and running |
| - shutting systems down |
| - performing damage control |
|
| 6. Evidence Preservation Tools and Procedures |
| - media duplication |
| - system duplication/replacement |
| - chain of custody |
| - investigation goals |
| -
investigative similarities for various computing platforms and devices: I=
BM
mainframe, Unix, Windows, routers, firewalls, applications, and IDS |
|
| 7. Evidence Gathering Tools |
| - tool examples |
| - how and why they are used |
|
| 8. Workstation/Server Tools |
| - disk imaging |
| - keystroke loggers |
| - forensic analysis tools |
| - remote access forensic tools |
| - data analysis tools |
|
| 9. E-Mail Considerations |
| - e-mail analysis tools |
| - what you can find in cache files |
|
| 10. Network Analysis Tools |
| - network sniffers/monitors |
| - system logs: firewall, server, and e-mail |
| - data analysis tools |
|
| 11. Mainframe Analysis Tools |
| - tape readers |
| - disaster recovery tools |
|
| 12. Data Analysis Tools for Use in Fraud Investigations |
| - where they can be used |
| - what to look for |
| - Benford’s Law |
|
| 13. Other Resources |
| - video surveillance |
| - phone systems |
|
| 14. System Remediation Tools and Techniques |
| - system scanning/vulnerability testing |
| - patch management systems |
| - policies, procedures, and standards |
|
| 15. Documentation and Reporting |
| - evidence compilation |
| - level of documentation |
| - reporting your findings |
| - expert witness/court preparation |
|
| 16. Future Considerations |
| - personal storage devices: PDAs, cell phones, and USB drive=
s |
| - changing legal requirements |
|
| 17. What You Can Do Now |
| - develop an incident response team. |
| - obtain some of these tools and start using them. |
| - ensure appropriate logs are created and reviewed |
| -- security/configuration changes |
| -- administrative changes: user ID creation/change/removal
|
| -- failed logins |
| -- successful logins |
|
|
|
|
|
|
|
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