Exploring Internal Controls: That Could Have Prevented Frauds

Overview

This course examines actual fraud circumstances through the lens of potential prevention. We will examine how selected frauds were accomplished and consider what internal controls may have prevented fraudsters' ability to accomplish their nefarious acts.

Prerequisites

Basic working knowledge of auditing techniques

Objectives

• Determine what factors allowed certain frauds to occur
• Identify what internal controls may have prevented the frauds
• Consider application of these lessons to circumstances you encounter in your professional endeavors

Highlights

• Examination of actual frauds
• Discussion of internal controls that could have prevented the frauds
• Contemplation of epiphanies for your own professional scenarios