2. Integrating Fraud Detection into Standard Audit Programs
- building the fraud audit program
- linking the audit program to risk assessment
- identifying fraud audit procedures
- linking the sampling approach to the fraud risk
- testing and evaluating the design of anti-fraud controls

3. Data Mining for Fraud
- building the fraud profile
- using data mining techniques
- designing data analysis routines
- data analysis in the interview process
- analyzing key master files for fraud

4. Misappropriation of Assets

5. Fraud in the Disbursement Function
- false billing
- pass through billing
- overbilling
- disguised billing
- conflict of interest
- front companies: how and why
- red flags and data mining for schemes

6. Fraud Controls in Core Business Systems
- understanding fraud control concepts
- determining your organization’s risk appetite
- sophistication of concealment related to controls
- gate keeper’s unique opportunity
- control inhibitors

7. Fraud in the Procurement Office
- favored vendors
- where and how influence occurs in procurement fraud
- vendor bid-rigging schemes

8. Fraud in Payroll and Human Resources
- ghost employee schemes
- avoidance of government regulations
- overtime fraud
- time reporting schemes
- payroll office fraud
- characteristics of fraudulent departments and employees
- data mining and audit procedures for each type of ghost employee

9. Travel Expense Fraud
- understanding the reasons
- concealment techniques for travel fraud
- data mining and sampling considerations
- types of fraud
-- excessive expenses
-- fictitious/altered receipts
-- airline fees/tickets
-- intentional duplicate reimbursement

10. Fraud in Contracts
- discuss contract audit process
- building arguments to support your position
- progress payment fraud
- non-conforming material scheme
- defective pricing scheme
- cost mischarging scheme
- where opportunities exists
- understanding the profit motive
- false claims act

11. Fraud in Sales and Cash Receipts
- skimming
- theft of product for resale
- theft of cash receipts
- lapping and embezzling in accounts receivable
- customer fraud schemes
- understanding concealment of schemes
- identifying specific audit areas and procedures

12. Equipment and Asset Fraud
- theft of assets
- misuse of assets
- assets acquired for non-business purpose scheme
- excessive expenditures scheme and how it works
- understanding how fraud occurs at asset purchase and asset retirement

13. Money Laundering
- definition and understanding of implications
- stages of the money laundering process
- identifying steps to be taken against money laundering
- defining suspicious activity in regards to money laundering

14. Mortgage Fraud
- defining mortgage fraud
- common mortgage fraud schemes
- suspicious mortgage activity

15. Management Override: The Presumed Fraud Risk
- management override and fraud schemes
- implications of SAS 99
- fraud risk factors

16. Case Studies