This course covers auditor responsibilities related to fraud and how these responsibilities have changed over the last 50 years starting with SAS Number 1 in 1972 on down to AU-C section 240, Consideration of Fraud in a Financial Statement Audit. 

 

The course discusses current audit requirements and also includes specific discussion regarding additional auditor requirements for those who audit government or not-for-profit entities. There is also a case discussion and situational analyses.

Learning Objectives
  • Recognize how auditor responsibilities related to fraud in the financial statements has evolved over time.
  • Identify the 10 steps AU-C section 240 provides as part of the current requirements for financial statement auditors 
  • Identify the specific requirements related to government or not-for-profit audits with respect to fraud detection and reporting requirements
Last updated/reviewed: May 26, 2022
3 Reviews (17 ratings)

Reviews

5
Anonymous Author
Good content - well laid out and discussed. Speech is a bit slow but overall communicates the necessary material
4
Anonymous Author
This course is good for beginning auditors as well as a good refresher for experienced auditors.
4
Anonymous Author
This course explains AU-C Section 240 as it relates to Government and Not-For-Profit fraud.
Prerequisites
Course Complexity: Intermediate
  • No advanced preparation or prerequisites are required for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Government and Not-For-Profit Fraud Training – AU-C Section 240 Review12:33
  Additional Govenment Auditor Requirements11:36
  Auditor Requirements10:16
  Communication Requirements7:47
  Auditor's Example Situations3:47
CONTINUOUS PLAY
  Government and Not-For-Profit Fraud Training – AU-C Section 240 Review46:00
SUPPORTING MATERIALS
  Slides: AU-C Section 240 ReviewPDF
  AU-C Section 240 Review Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam