Webinar

The Good, the Bad, and the Ugly: Fraud in Schools

  • Monday, November 23, 2020

    12:30pm – 2:06pm
  • 1.8
    CREDITS
    Auditing (Governmental), Accounting (Governmental)

This might come as a shock, but schools and school programs can be susceptible to fraud and corruption. This session will examine the facts surrounding several recent school fraud and corruption cases to determine if and how they could have been prevented and if and how auditors should have detected them. Participants will be challenged to:


Identify the fraud risk factors that should have alerted auditors to the fraud or corruption problem
Evaluate the legs of the Fraud Triangle that supported the fraud
Postulate appropriate fraud risk factor responses that would have led to the detection of the problem
Evaluate whether or not the auditors should be held accountable for failing to detect the problem


Practitioners charged with either internal control or audit responsibilities should benefit from this session.

Objectives

  • Why fraud in schools is prevalent
  • Red flags and fraud risk factors related to school fraud
  • How the fraud triangle applies to schools

Highlights

  • School fraud
  • Fraud risk factors
  • Fraud triangle
  • Types and examples of school fraud

Additional Information

Designed For

Accountants and auditors at all levels

Vendor

ACPEN

Advanced Preparation

None

Credits

0.80 Auditing/Yellow Book

1.00 Accounting/Yellow Book

Prerequisite

None

Course Number

202836041

Level of Knowledge

Basic

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