Fraud Risk

Considering the Potential Impact of Fraud: Auditors' Responsibilities

Course Overview
This course is designed to provide an overview of an auditors’ responsibility to consider the impact that fraud may have on client's financial statements. Additionally, this course provides an overview of fundamental fraud-related concepts and definitions as well as fraud-related procedures an auditor is required to complete. Finally, the course presents several recent cases involving financial reporting fraud.

Learning Objectives:

After completing this course, the course participant should be able to:

  • Identify the different types of fraud.
  • Differentiate between types of misstatements.
  • Identify the various categories and specific examples of fraud risk factors.
  • Identify an auditor's key responsibilities as it relates to the detection of and communication of identified fraud.
  • Recognize real world examples of companies with material fraudulent misstatements.

  • Prerequisites/Advanced Preparation:


    Speaker / Author:

    Michael Chris Knapp
    Mich'l Chris Knapp: McLaughlin Chair in Business Ethics and Professor of Accounting, University of Oklahoma. Professor Knapp teaches principally auditing and financial accounting courses in the Price College of Business at the University of Oklahoma. He has won numerous teaching awards including the Merrick Foundation Teaching Award, the Bruce Magoon Master Teacher Award, and the Delta Sigma Pi Professor of the Year. In 1999, he was named the Outstanding Oklahoma Accounting Educator by the Oklahoma Society of CPAs. Knapp's research interests involve a wide range of policy issues related to the professional practice of public accounting and behavioral issues stemming from the auditor-client relationship. His research has appeared in The Accounting Review, Auditing: A Journal of Practice and Theory, Accounting Organizations & Society, Journal of Accounting, Auditing and Finance, Behavioral Research in Accounting, and the Journal of Accountancy. He has also published commentaries for and/or been quoted in the Los Angeles Times, The New York Times, the Dallas Times Herald, and numerous other metropolitan newspapers. The eighth edition of his auditing casebook, Contemporary Auditing, Issues and Cases, was recently released by South-Western/Cengage. That textbook has been adopted by hundreds of universities in the United States and abroad.


    Price (USD)

    Standard: $49.90


    Course Code : 99KNA11

    Release Date : 11/12/2015
    Expire Date : 03/31/2022
    Credits :
    CPE 2.00
    QAS 2.00

    Length : 1hr 40min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Auditing

    Theme : Fraud Risk

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