Fraudsters Unmasked: Internal Audit's Role in Preventing Fraud

Highlights

• Key fraud questions internal audit should be asking
• Collaborate across the three lines to prevent fraud
• Identify fraud risks and key attributes (likelihood, impact)
• Build an anti-fraud internal control library
• Develop a robust fraud risk assessment program and calculation
• Determine the best response to residual fraud risks
• Define fraud red flags as warning signs, not proof of fraud
• Explain why awareness and skepticism matter
• Review main fraud types: asset misappropriation, corruption, financial statement fraud
• Explore real-life fraud cases including Rita Crundwell, Sandy Jenkins, Theranos, Enron, Wells Fargo, and WorldCom
• Discuss cultural and leadership factors that allowed fraud to continue

Designed For

CPAs and other business professionals looking to deepen their knowledge on how to recognize early warning signs of fraud and respond effectively.

Objectives

• Gain an understanding on internal audit's role in preventing fraud and best-practice collaboration with the first and second lines, as well as how to develop and perform a dynamic, effective fraud risk assessment
• Analyze real-world fraud cases to understand how weak controls and culture enable misconduct
• Recommend internal controls and governance measures to prevent, detect, and respond to red flags

Preparation

None

Notice

• This seminar is part of the 2026 Internal Audit Series. Seminars may be purchased individually, or save $75 when purchasing the bundle webinar package (see below).