Fraud: What to Look for and Where to Look?

Fraud is a threat to every organization.  It can cost millions of dollars.  And as an auditor, we have to constantly be on the lookout for it.  Every major audit standard has some kind of fraud provisions that auditors are required to follow.  You can’t get around it.  It starts with the planning process and carries throughout the audit engagement.  Every auditor should be familiar with the key fraud red flags and the major fraud schemes.  

The learning objective for this webinar is to gain an understanding of:

• Audit standards relative to fraud
• The factors that lead to fraud
• The three major fraud schemes and the key subschemes
• Audit tests for various fraud schemes
• Key survey information on fraud includes:
• The likely persons to commit fraud
• The likely areas where frauds are committed 
• The likely schemes they use
• And the red flags to look for

Every internal auditor is required to look for indicators of fraud in every audit engagement.  Every major audit association has a standard that speaks to fraud and how the auditor should handle it.  That means that the auditor should be aware of the various audit schemes and what to look for.  This webinar will discuss the various fraud schemes and the departments where they are likely to be found. 

• Chief Audit Executives
• Audit Directors
• Audit Supervisors
• Audit Managers
• Staff Auditors
• Government Auditors
• Compliance Auditors
• Internal Control Specialists
• Public Accountants
• Accounting Analysts
• Business Analysts
• Quality Control Specialists

Jonnie Keith has been in auditing for over 50 years. He retired in 2012 as the Assistant General Manager (AGM) of Internal Audit with the Metropolitan Atlanta Rapid Transit Authority (MARTA) in Atlanta, Ga. He served in that capacity for over 10 years and was responsible for administering the overall audit activities. In this position, he was also responsible for the review and approval of all internal audit correspondence including audit reports, executive summaries, internal and external correspondence, etc.

Prior to that, he worked at MARTA as the Operational Audit Manager and Senior Contract Compliance Auditor. He also worked at Norfolk Southern Railway (formerly Southern Railway) as a senior operational auditor and started his career at the Federal Reserve Bank of Atlanta as a bank examiner.

Jonnie Keith received a BA degree in Economics from Clark Atlanta University (formerly Clark College). His certifications include:

• Certified Internal Auditor (CIA)
• Certified Fraud Examiner (CFE)
• Certified Government Auditing Professional (CGAP)
• Certified Internal Control Auditor (CICA)

He has been a volunteer seminar instructor for the National Office of the Institute of Internal Auditors for several years.