Unfortunately, today we all need to think like a fraudster. As auditors, we are charged with identifying weaknesses in internal controls that pose risks for fraud, including theft or misstatement of financial results. As a result, we make recommendations to...
Unfortunately, today we all need to think like a fraudster. As auditors, we are charged with identifying weaknesses in internal controls that pose risks for fraud, including theft or misstatement of financial results. As a result, we make recommendations to management to enhance controls to mitigate the opportunity for fraud. However, as AAFCPAs Partner John Buckley illustrates, combating fraud schemes requires more than just an understanding of process & system vulnerabilities. To effectively battle against fraud, management and the board must learn how to think like a fraudster. And a fraudster is thinking: “Where are the weaknesses that would enable me to succeed undetected?”
These audio sessions were recorded live at AAFCPAs’ April 25th, 2019 Annual Nonprofit Educational Seminar. Slides may be downloaded by clicking here. >>
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