Auditor Responsibility for Fraud

Auditor Responsibility for Fraud

Auditor Responsibility for Fraud on Regular and Fraud Detection Audits
Thursday, December 5 ,2019
12:00 pm – 1:30 pm Eastern 


Fraud is a reality for all entities. Whether perpetrated by insiders or outsiders it could be occurring at a material level. Corporate management charged with the responsibility for good internal controls must consider the possibility of fraud. Auditors (external and internal) must also consider, identity and assess fraud risk threats.

In recent years the old misappropriation of assets type frauds have given way to the new frauds – fraudulent financial reporting. The latter represents the “cooking” of the books (for example, manipulate the books to generate higher earnings for bonus purposes).

This fraud webinar is an excellent overview of the entire fraud situation and in particular the auditors responsibility re: fraud.  This training specifically focuses on fraud in the corporate environment. It re-visits and clarifies some of the authoritative CPA literature related to fraud. Webinar coverage is equally important for CPAs and non-CPAs (e.g. internal auditors, corporate departmental managers, senior management, board members).

Attendees will gain a basic understanding of fraud related definitions and requirements. In particular it separates the fraud discussion between:

  • Fraudulent financial reporting (“cook-the-books” type frauds); and
  • Miss-appropriation of assets (traditional fraud involving embezzlements, kickbacks, stealing assets, using corporate cash for non-corporate expenses etc.)

Topics Covered:

  • Identify business risks, assess those risks, and develop a response to the fraud risk assessment.
  • Focus on and explains typical frauds and provides checklists, questionnaires and other tools to help audit or review for fraud.

Who Should Attend?  

Internal auditors – all levels, External auditors – all levels, Department and senior management personnel, Risk analysts, Selected board members, Audit committee members, Senior risk managers 


Paul Sanchez, PSA Professional Services Associates/Founder

Paul J. Sanchez, CPA, CBA, CFSA conducts a CPA practice in Port Washington, New York. He is also the owner of Professional Service Associates (PSA), a consulting and professional training and development business servicing corporate clients (auditors, controllers, etc.), CPA firms, professional associations and others. He was an assistant professor at Long Island University – C.W. Post Campus as well as an adjunct lecturer at City University of New York. Prior to starting PSA, he was the Vice President-Professional Development for the Audit Division of a regional bank and Director of Professional Practices and Vice President of a money-center bank, where he directed the professional practice development and training for internal auditors.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by BankersHUB

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877

Registration Options
Live Webinar: Register for the live event and get five days access to the On Demand Playback. You’ll have an opportunity to ask questions during the presentation and be free to review the content for the next 5 (business) days Registration also includes links to presenter materials, handouts, and pdfs.
Additional Hookups: Registering another banker from a different location

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