Audit Challenge: Real-World Fraud Detection Scenarios

Overview

This course is designed for CPAs seeking to deepen their understanding of federal tax-exempt status and the complexities of Form 990. Participants will explore the core form and schedules, gaining insights into public support requirements, compensation disclosures, and governance policies. The course covers critical topics such as direct and grassroots lobbying, private benefit and inurement, and special rules for activities like advertising and bingo. Attendees will also examine the implications of the Tax Cuts and Jobs Act (TCJA) and recent regulatory updates, including mandatory e-filing requirements. By the end, learners will be equipped to ensure accurate, compliant filings and effectively navigate the nuances of tax-exempt organization reporting.

Highlights

• Test of Controls
• Professional Skepticism
• Evaluate external auditor's opinion

Prerequisites

Basic understanding of Audit Principles.

Designed For

Any accountant wanting to enhance their level of professional skepticism.

Objectives

• Apply the fraud triangle to identify the perpetrator
• Recognize fraudulent transactions
• Assess internal control weaknesses
• Identify red flags within the organization
• Understand the importance of professional skepticism
• Recommend policies to strengthen internal controls

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.