Fraud Risk Assessment: Building a Fraud Audit Program
Fraud Risk AssessmentToday's professional standards are requiring corporations, CPA firms, and internal auditors to provide Sarbanes-Oxley and Public Company Accounting Oversight Board (PCAOB) regulators with assurance and opin-ions regarding fraud risk management and to incorporate fraud detection into their audit plan. But many auditors today are, unfortunately, ill-equipped on how to prevent or handle fraud.Providing a comprehensive framework for building an effective fraud prevention model, Fraud Risk Assessment: Building a Fraud Audit Program presents a readable overview for developing fraud audit procedures and building controls that successfully minimize fraud.An invaluable reference for auditors, fraud examiners, investigators,?CFOs, controllers, corporate attorneys, and accountants, Fraud Risk Assessment: Building a Fraud Audit Program helps business leaders respond to the risk of asset misappropriation fraud and uncover fraud in core business systems. Renowned financial investigator Leonard Vona shows readers how to build a fraud model using a fraud risk assessment strategy that requires consideration of the fraud schemes, fraud concealment strategies, opportunity points, and fraud motivation unique to their organizations.Including important information on methods of responding to the risk of fraud and data mining for fraud schemes, Fraud Risk Assessment: Building a Fraud Audit Program also provides audit procedures and thoroughly examines topics including:Fraud theoryFraud auditFraud penetration risk assessmentFraud in expenditureContract fraudBriberyTravel expensePayroll fraudRevenue fraudFraud control theoryFraud investigation for the auditorLocating fraud in today's business system is not an option but a requirement. Fraud Risk Assessment: Building a Fraud Audit Program helps professionals to focus on using assertive fraud risk assessment to build audit programs that respond to the risk of asset misappropria-tion fraud.