Advanced Computer- Aided Fraud Prevention and Detection
A strong system of internal control is most effective in fraud prevention. Fraud prevention procedures, targeted goals and improvements to system weaknesses feature in the course. Fraud impacts on accounting transactions in accounts receivable, receipts and disbursements, accounts payable, inventories and fixed assets, and financial reporting. The monetary impact resulting from fraud is analyzed by the type of victim and the amount of loss. Internal control and good employment practices prevent fraud and mitigate loss
COURSE OBJECTIVES:
• To identify the risks and internal control issues associated with modern information systems
• To identify risks associated with operating systems security, database access, networks, and the Internet.
• To define the audit role of Computer Assisted Audit Tools and Techniques (CAATTs)
• To use a data extraction and analysis tool to perform standard audit tests and fraud detection tests