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Recognizing fraud risks in governmental and not-for-profit organizations is often challenging due to the inherent nature of these organizations. In addition to their public nature, these organizations may have limited support staff or staff with limited accounting expertise which can result in less than effective fraud prevention and detection programs and/or increased opportunities for fraud. Using a combination of examples, explanations of audit standards, and case studies, you will obtain an understanding of the frauds most commonly perpetrated in these entities and what prevention and detection procedures are effective in responding to these fraud risks. This CPE course also discusses how auditors might address their responsibilities with respect to fraud in a financial statement audit of governmental and not-for-profit organizations.
When you complete this course, you will be able to:
Who Will Benefit?
Auditors and financial staff of governmental and not-for-profit organizations
Prerequisite: Knowledge of government and not-for-profit sectors
Advanced Preparation: None.