2.0 CPE The Institute of Internal Auditors is recognized as the authority that establishes the guidelines and standards for the internal audit profession. As the world has rapidly evolved over the past several years, internal auditors have been called on to provide a wide array of services. Yet, management often does not understand the full breadth of the IIA Standards and protocols auditors should follow when performing both Assurance services and Consulting services.
This set of courses on “The Internal Audit Function” was developed by Lynn Fountain, CPA, CGMA, CRMA, MBA, cPIA and past Chief Audit Executive. Lynn authored the book Leading the Internal Audit Function which was released by Taylor & Francis in 2017. In the book she outlines not only the Standards and expectations for internal auditors but the many challenges individuals in the profession face when trying to execute their duties.
This text base course is in several sections. This specific course is dedicated to The Internal Audit Function’s Role in Fraud Risk Assessments.
Course Series
This course is included in the following series:
8 CoursesThe Internal Audit Function
- The Internal Audit Function - Purpose and Establishing the Function (Text Based Course)
- The Internal Audit Function - The Attribute Standards (Text Based Course)
- The Internal Audit Function - The Performance Standards (Text Based Course)
- The Internal Audit Function - Internal Audit’s Assurance Role and Risk Based Auditing (Text Based Course)
- The Internal Audit Function - Governance Role (Text Based Course)
- The Internal Audit Function - Internal Audit’s Role in Fraud Work (Text Based Course)
- The Internal Audit Function - Internal Audit’s Role in Fraud Risk Assessments (Text Based Course)
- The Internal Audit Function - Fraud Evaluation vs. Fraud Investigation (Text Based Course)
Learning Objectives
- Discover and evaluate aspects of conducting a fraud risk assessment.
- Explore and examine concepts of corporate culture to prepare for a fraud risk assessment.
- Identify Internal Audit’s role in facilitating a proper fraud risk assessment.
- Identify and discern between a Macro vs. Micro Fraud Risk Assessment.
- Explore and examine an Enterprise wide (Macro) Fraud Risk Assessment.
- Discover and examine a Business Process (Micro) Risk Assessment.
- Identify Steps in Determining Fraud Red Flags.
- Recognize and examine the process to evaluate impact and likelihood of fraud red flags.
Last updated/reviewed: March 12, 2024
25 Reviews (80 ratings)
Reviews
Anonymous
(Director)
Pretty good course and helpful. The final exam questions were very confusing and difficult and not representative of the learning objectives. I had to take it more than once.
Anonymous
()
This course was a bit difficult to follow but overall presented an effective framework for understanding and implementing audit functions internally.
Jeremy Johnson
(Systems and Procedures Analyst at U.S Department of Veterans Affair – De..)
The Internal Audit Function-Internal Audit's Role in Fraud Assessments was a very beneficial course, because fraud is now occurring so much more.
Anonymous
()
Great and eye-opening course to the elements of fraud risk assessments. Appreciated the breakdown of the internal audit function's roles.
Anonymous
(Controller)
A thorough and informative review of internal audit and fraud. It gave me some ideas of what to put in place in my organization.
Anonymous
(Supervisory Auditor)
the phraseology of the test questions was ambiguous. We went from organization to defining tolerance in terms of an "investor".
Anonymous
(Auditor)
Text based course had the material needed and was easy to follow. Defined Macro and Micro Fraud to Risk Assessment.
Anonymous
(Head of Internal Audit)
Good reminder to keep in mind fraud risks while preparing for particular audits as well making future audit plans.
Anonymous
(Controller)
This is a complex topic but it is broken down into a presentation that non-auditors can understand and apply.
Anonymous
()
This course contained good information on Fraud risk assessments and their application in a business setting.
Kenneth Hopkins
(Senior Financial Analyst at The University of Texas Health Science C..)
Good course. However, I agree with the other reviewers that the questions did not sometime match the test.
Anonymous
(Internal Auditor)
Good material and scenarios presented on the topic of Internal Audit's role in fraud risk assessments.
Anonymous
(System Procedure Analyst)
The final exam questions were very confusing to me and I had a hard time reading from the text file.
Anonymous
()
Interesting material. Helped me understand the Internal Audit function at my organization more.
Christopher Esposito
( at None)
This was an excellent refresher on how risk is dealt with from an internal audit perspective.
Anonymous
()
Detailed discussion and examples of how internal audit can assist in fraud risk assessments
Anonymous
()
Good balance of detailed information, and summary recaps. Good examples throughout.
Anonymous
(Director Net Revenue)
Materials were really confusing... Didn't seem to have an overall cohesive structure
Anonymous
()
It's been a while since I worked in internal audit. Great refresher!
Anonymous
()
Good discussion of internal audit's role in fraud risk assessment.
Anonymous
()
Good examples to review. I like the macro versus micro views.
Sarah Anchecta
(ACM Accountant at Houton Methodist)
Good material and well explained! Would recommend the course.
Anonymous
(Director, Financial Shared Services)
This was a thorough review of the risk assessment process.
Anonymous
(Senior Revenue Manager)
I enjoyed this course, and I found it very informative.
Anonymous
(Controller)
The material was overwhelming and difficult to follow.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Lynn FountainCPA, CGMA, CRMA, MBA, cPIA, Consultant, Author, Trainer
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