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About this course

This course is dedicated to reviewing leading-edge concepts for conducting fraud risk assessments and scenario analysis.

The topic of fraud — whether it relates to awareness and prevention techniques, fraud auditing, recent fraud in corporate America, or the criminal mind — continues to be on the radar of investors, shareholders, and regulators. Yet execution of holistic fraud risk assessments can often be a very difficult task.

COSO 2013 places a stronger emphasis on the need for strong evaluation and risk assessments for Fraud. Auditors and Compliance professionals debate the proper form and depth needed for such assessments. Organizations will need to become more transparent with their fraud assessments and scenario analysis. It is incumbent on individuals within the internal audit, compliance and legal field to ensure management accepts this role with the intent of full transparency.

Field of Study: Auditing

What you will learn?
Identify the fraud dilemma.
Discover how to assess risk considerations and where to start.
Identify the preparation steps before initiating a fraud risk assessment.
Discover how to perform a Macro Fraud Risk Assessment
Recognize the elements of a Micro Fraud Risk Assessment
schedule
2 hours on-demand video
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Certificate of completion
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Beginner level
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No prerequisites
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No preparation required
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1 year access

US$75

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Browse course content
2 Quiz
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12 Video
|
schedule
2 hours
Guide
Section 1. Introduction-Part1
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Introduction to Fraud Risk Assessment
9m 55s
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Where to Start
9m 29s
Section 2. Fraud Risk Assessments-Part1
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Measure Your Efforts
13m 46s
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Fraud Risk Assessment Reality
6m 16s
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Preparation Steps
10m 15s
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Defining a Macro Assessment
5m 30s
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Tolerance and Performing the Macro Assessment
14m 23s
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Maturity Model Approach
9m 3s
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Developing Maturity Model
10m 11s
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Micro Risk Assessment Common Scenario Approach
4m 41s
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Micro Risk Assessment Process by Process
4m 47s
Section 3. Summary-Part1
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Course Summary
9m 14s
Review Questions
6 questions
Section 4. Final Exam-Part1
Final Exam
10 questions
Learn from the best

Lynn Fountain has over 40 years of experience spanning public accounting, corporate accounting and consulting. 24 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M. Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA. Ms. Fountain is the author of three separate technical books. “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. -“Leading The Internal Audit Function” and -“Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition Ms. Fountain was a contributing author to the certification program exam for the National Association of Accountants. She also has certificate programs on various on-line platforms. Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).