Attendance at this seminar will secure 4.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Web Based (Online)
YVONNE ROSSOUW
nerissa@probetatraining.co.za
“If you see fraud and do not say fraud, you are a fraud”
This course explores the critical role of auditors in detecting and responding to fraud during an audit or independent review. With public expectations increasing, auditors must understand their responsibility to act in the public interest and address instances of fraud appropriately.
The course provides a detailed breakdown of the auditor’s responsibilities under the International Standards on Auditing (ISA) and the Auditing Profession Act, focusing on how to detect fraud, assess fraud risks, and fulfill reporting obligations when fraud is suspected or identified. Participants will also gain insight into how to communicate findings effectively with those charged with governance and regulatory authorities.
Definition and characteristics of fraud
Types and practical examples of fraud in audit engagements
Understanding the Fraud Risk Triangle and its implications
The auditor’s responsibilities relating to fraud detection and reporting
Planning the audit with a focus on fraud risk factors
Conducting a fraud risk assessment, including presumed fraud risks
Consideration of relevant laws and regulations
Responding to fraud risks and documenting responses
Reporting requirements when fraud is suspected or detected
Communicating with those charged with governance and regulatory bodies
Responsibilities regarding reportable irregularities under the Auditing Profession Act
