Fraud Risk Assessment : Auditing скачать в хорошем качестве

Fraud Risk Assessment : Auditing

Content: 00:00 Introduction to Fraud Risk Assessment 00:44 What is Fraud? 01:31 Forms of Accounting Fraud 02:13 Example: Revenue recognition Manipulation by management 03:07 Impacts of Fraud 03:52 Forms of Asset Misappropriation 04:14 Example: Misappropriation done by audit managers 05:09 How to solve issues concerning asset misappropriation 05:22 Assessing the Risk of Fraud 06:03 Key components: PCAOB Audit standards 06:47 Importance of AS2401 (PCAOB) and Auditor roles for AS2401 07:59 Fraud Risk Factors 08:30 Example: Ethical Tone and Integrity 09:32 Previous instances of Ethical lapses 10:36 Components of Fraud Risk Factors 11:48 Impact: operating characters of financial conditions 13:31 Expected Auditing Standards for Financial Conditions 14:04 Employee behavioral Fraud Red Flags and Probability of Employee involvement in Fraud based on red flags 14:24 Examples of Employee Red flags: Financial Difficulty, Reluctant for time off, Secretive behavior, overtime work hours 15:55 How should Organizations develop auditing standards concerning Employee Red Flags 16:24 The Fraud Triangle (Components) 16:41 Component: Motivation 17:02 Example of Motivation/Pressure: Employee in financial debt 17:14 Component: Opportunity 17:35 Example: Employee with unrestricted access to financial reports 17:51 Component: Rationalization 18:14 Example: Employee rationalizing theft due to factors like low pay scale 18:25 Impact of each condition with respect to fraudulent financial reporting: Motivation 19:05 Impact of each condition with respect to fraudulent financial reporting: Opportunity 19:35 Impact of each condition with respect to fraudulent financial reporting: Rationalization 20:07 Understanding the probability of fraud when these conditions converge 20:51 Responding to Risk of Fraud 21:36 Roles of Auditors to identify fraud risk 22:16 How should Auditors evaluate Exceptions 22:46 Exceptions Auditors should be aware of 23:04 Example: Unusual revenue recognition pattern displayed by management 23:25 Example: Inventory write-down or reserve 24:13 Types of Discrepancies and Auditor Understanding based on that 26:09 Communication of Fraud Risks 27:14 How does the communication of fraud risks serve the purpose 27:39 What should be the criteria for the auditor to evaluate 28:06 Importance Document Fraud Matters 29:11 Components to be included Documentation 30:27 How does documentation help? About Speaker: Professor Helen Brown-Liburd is a tenured Associate Professor and the Associate Director of the Continuous Auditing & Reporting Lab (CAR Lab) at Rutgers Business School (RBS) in Newark, NJ. #audit #risk #accounting