Fraud continues to plague businesses at epidemic levels, and technology control failures are a large reason fraud occurs. Using a case study approach you'll learn about the pervasiveness of fraud, the control failures that contribute to fraud, and what you can do to mitigate fraud risk.
A specific focus will be the application of information technology general controls and information technology application controls. Examine numerous reported fraud cases and identify the general control and application control failures that contributed to each. Through real-world case studies you'll be ready to reduce fraud risk.
TBD• Define information technology general controls and information technology application controls and distinguish between the two
• List examples of key information technology controls
• Recognize control failures and weaknesses that can lead to fraud
• List recommendations for improving internal controls in an organization
Level of Difficulty:
• Understanding information technology general controls and application controls and the importance of both
• Identifying fraud risk in an organization
• Studying reported fraud cases to understand how control failures contributed to fraud losses
Fundamental understanding of internal controls
CPAs and other accounting, auditing, and business professionals who are seeking to reduce fraud risk