ACCT 850 Auditing for Financial Reporting Fraud

The course will teach students to develop and sharpen their auditing skills in order to detect, prevent, and avoid financial reporting fraud. Financial reporting fraud can be accomplished in many ways, and the effects on the business could be great. Internal and external auditors must be equipped with the right skills in order to prevent fraudulent schemes in financial reporting. The course will also highlight the challenges that auditors face in fraud identification, reporting, and implementing internal controls.

Learning Outcomes:
1. Identify and differentiate financial statement fraud, asset misappropriation, and bribery and corruption.
2. Learn about the auditor’s responsibilities in preventing fraud in audit activities to avoid committing potential malpractice.
3. Assess an organization’s risks for financial reporting fraud and implement techniques to find fraud.
4. Employ techniques to avoid hurdles that are put in place in order to prevent discovery of financial statement fraud.