Latest Fraud Trends – Current Research and Examples

Auditors are entrusted with obtaining reasonable assurance that financial statements are free from material misstatements, whether caused by fraud or error.

However, the risk of undetected fraud is higher because of its potentially sophisticated nature. Fraudsters may employ forgery, intentional omission of transactions, or misrepresentations to conceal their schemes.

This webcast delves into the fundamental reasons auditors prioritize fraud detection.

In this webcast, we will:

• Explore the evolving fraud landscape in today's business environment
• Share key takeaways from the ASB's outreach to forensic professionals
• Provide valuable insights into essential behaviors and strategies for auditors to effectively consider fraud risks.

Key Topics

• Understand auditor’s responsibilities regarding fraud in an audit
• Stay ahead of current trends and types of fraud
• Gain exclusive insights from forensic professionals
• Learn behaviors and strategies for auditor’s consideration of fraud

Learning Outcomes

• Identify why auditors focus on fraud.
• Identify current trends, types and effects of fraud occurring across the business landscape.
• Recognize signs that fraud may be occurring using lessons from experts in the field.
• Recognize the key takeaways from ASB outreach to forensic professionals.
• Identify behaviors that may be helpful in the auditor’s consideration of fraud

Who Will Benefit

Practitioners who perform audit engagements