This course provides an overview of fraud risks and responsibilities, focusing on the conditions that enable fraud, management's role, and the ethical and legal considerations auditors face. Participants will explore key topics, including fraudulent financial reporting, misappropriation of assets, and management override of controls, along with the behavioral and cultural drivers that contribute to fraud. This course emphasizes fraud prevention, detection, and the importance of ethical decision-making in upholding financial integrity.

Learning Objectives
  • Recognize the conditions that enable fraud, including incentive, opportunity, and rationalization.
  • Identify fraudulent activities such as fraudulent financial reporting and misappropriation of assets.
  • Discover and distinguish between the behavioral and cultural drivers that contribute to fraudulent actions.
  • Explore and recall the ethical and legal responsibilities of auditors when addressing fraud risks.
  • Discover and determine how management override of controls creates opportunities for fraud.
Last updated/reviewed: January 17, 2025
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
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 Syllabus
COURSE MATERIAL
  Unraveling Fraud Risks in Financial Statements (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam