This program will review case histories of audit failures in detecting financial statement fraud and employee embezzlement. The circumstances that are detectable but went undetected in each audit will be identified and lessons will be drawn from the experiences of capable auditors who missed significant cues.

Presenter, Gary Barnes, represents accounting firms and their insurers in the defense of malpractice claims and in providing risk management advice.

View the course syllabus.

Who Should Attend

• Audit Team Members
• Audit Managers
• Audit Partners
• Client Relationship Partners

What You Learn

• How auditors are judged
• Elements of a successful embezzler
• When good clients turn bad; looking out for financial statement fraud;
• When your antennae should "twitch"

Benefits of Attending

• Learn how to minimize your audit liability exposure
• Learn about preventative measures (basic)

Program Level: Basic

Prerequisite: None

Advanced Preparation: None