Attending the course and successfully completing the post-assessment, will grant you
4 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
The perpetration of fraud is one of the biggest reasons why financial statements are materially misstated.
Registered auditors are required to be alert to the possibility of fraud, thereby enabling them to respond appropriately by performing specific audit procedures to address fraud.
This webinar will focus on the following
• The auditor's responsibilities to identify, assess and respond to the risks of material misstatement due to fraud
• Fraud discussions, fraud inquiries and the execution of the audit, when specific factors are identified
• The following concepts principles will be explained in detail:
o Fraud risk on the financial statement level
o Fraud risk at assertion level
o Significant risks
o Controls over significant risks
o Presumed fraud risks
• Specific audit procedures on how to address the fraud risk in the following sections of the audit:
o Revenue
o Journals
o Related parties
o Transactions outside the normal course of business
o Estimates (new standard)
• Guidance and examples to assist auditors in the application of the auditing standards and related guidance
All auditors and their staff who is responsible for the audit of financial statements
