Latest Fraud Trends - Current Research and Examples - Greater Washington Society of CPAs

Overview

Auditors are entrusted with obtaining reasonable assurance that financial statements are free from material misstatements, whether caused by fraud or error.

However, the risk of undetected fraud is higher because of its potentially sophisticated nature. Fraudsters may employ forgery, intentional omission of transactions, or misrepresentations to conceal their schemes.

This webcast delves into the fundamental reasons auditors prioritize fraud detection.

In this webcast, we will:

Explore the evolving fraud landscape in today's business environment

Share key takeaways from the ASB's outreach to forensic professionals

Provide valuable insights into essential behaviors and strategies for auditors to effectively consider fraud risks.

Highlights

Understand auditor's responsibilities regarding fraud in an audit

Stay ahead of current trends and types of fraud

Gain exclusive insights from forensic professionals

Learn behaviors and strategies for auditor's consideration of fraud

Prerequisites

none

Designed For

Practitioners who perform audit engagements

Objectives

Identify why auditors focus on fraud.
Identify current trends, types and effects of fraud occurring across the business landscape.
Recognize signs that fraud may be occurring using lessons from experts in the field.
Recognize the key takeaways from ASB outreach to forensic professionals.
Identify behaviors that may be helpful in the auditor's consideration of fraud.