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Live Webcast Replay

Fraud Brainstorming and Interviewing Techniques for Auditors and Accountants


Total Credits: 2 including 1 Accounting (Governmental) - Technical, 1 Auditing (Governmental) - Technical

Average Rating:
   172
Categories:
Accounting and Auditing |  ACPEN Industry Institute |  Industry
Faculty:
David L. Cotton, CPA, CFE, CGFM
Course Levels:
Update
Duration:
2 Hours
License:

Dates


Description

Two of the most important requirements under current auditing standards are (1) engagement team brainstorming and (2) expanded inquiries of auditee personnel.  The skill with which these important requirements are carried out can mean the difference between discovering material fraud and … a lawsuit.  This session will address the following:
• Why brainstorming is important
• Rules for effective brainstorming
• The brainstorming documentation dilemma
• Successful interviewing: what to do and what not to do
• How to spot signs of deceptive behavior
• Integrating brainstorming results with interviewing; and vice versa
These requirements definitely demand that auditors develop new skills and change the way they conduct audits.  This session will use case studies to provide insights into these important skill sets.

Basic Course Information

Learning Objectives

*Understand that auditor responsibilities now include brainstorming and a new type of interview

*Understand the purpose of and rules for effective fraud brainstorming

*Understand how to conduct effective interviews designed to detect evidence of fraud

*Understand the signs of deceptive behavior

*Understand how to use brainstorming and fraud inquiries synergistically


Major Subjects

*Fraud detection

*Fraud brainstorming

*Fraud interviews

*Signs of deception and deceptive behavior


Course Materials

Faculty

David L. Cotton, CPA, CFE, CGFM's Profile

David L. Cotton, CPA, CFE, CGFM Related Seminars and Products


Dave Cotton is chairman of Cotton & Company LLP, Certified Public Accoun­tants, headquartered in Alexan­dria, Virginia.  The firm was founded in 1981 and has a practice concentration in assist­ing Federal and State government agencies, inspectors general, and government grantees and contractors with a variety of govern­ment program-related assurance and advisory services.  Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than two dozen Federal inspectors general as well as numer­ous other Federal and State organizations, programs, activities, and functions. 

Cotton & Company’s Federal agency audit clients have included the U.S. Government Accountability Office, U.S. Navy, U.S. Marine Corps, U.S. Transportation Command, U.S. House of Representatives, U.S. Capitol Police, U.S. Small Business Administration, U.S. Bureau of Prisons, Millennium Challenge Corporation, U.S. Marshals Service, and Bureau of Alcohol, Tobacco, Firearms and Explosives.  Cotton & Company also assists numerous Federal agencies in preparing financial statements and improving financial management, accounting, and internal control systems.

Dave received a BS in me­chanical engineering (1971) and an MBA in management science and labor rela­tions (1972) from Lehigh University in Bethle­hem, PA.  He also pursued gradu­ate studies in accounting and auditing at the University of Chicago Graduate School of Business (1977 to 1978).  He is a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), and Certified Government Financial Manager (CGFM).

Dave served on the Advisory Council on Government Auditing Standards (the Council advises the United States Comptroller General on promulgation of Government Auditing Standards—GAO’s yellow book) from 2006 to 2009.  He served on the Institute of Internal Auditors (IIA) Anti-Fraud Programs and Controls Task Force and co-authored Managing the Business Risk of Fraud: A Practical Guide.  He served on the American Institute of CPAs Anti-Fraud Task Force and co-authored Management Override: The Achilles Heel of Fraud Prevention. Dave is the past-chair of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Gov­ernmental Accounting and Auditing Com­mit­tee and the Government Technical Standards Subcom­mittee of the AICPA Profes­sional Ethics Execu­tive Commit­tee.  Dave chaired the Fraud Risk Management Task Force, sponsored by COSO and ACFE and is a principal author of the COSO-ACFE Fraud Risk Management Guide. 

Dave served on the board of the Virginia Society of Certified Public Accountants (VSCPA) and on the VSCPA Litigation Services, Professional Ethics, Quality Review, and Governmental Accounting and Auditing Committees.  He is a member of the Association of Government Accountants (AGA) and past-advisory board chairman and past-president of the AGA Northern Virginia Chapter and currently serves on the AGA Professional Ethics Board.  He is also a member of the Institute of Internal Auditors and the Association of Certified Fraud Examiners (ACFE).

Dave has testified as an expert in governmental accounting, auditing, and fraud issues before the United States Court of Federal Claims and other administrative and judicial bodies. 

Dave has spoken frequently on cost accounting, professional ethics, and auditor fraud detection responsibilities under SAS 99, Consideration of Fraud in a Financial Statement Audit.  He has been an instructor for the George Washington University masters of accountancy program (Fraud Examination and Forensic Accounting), and has instructed for the George Mason University Small Business Development Center (Fundamentals of Accounting for Government Contracts). 

Dave was the recipient of the ACFE 2018 Certified Fraud Examiner of the Year Award (“presented to a CFE who has demonstrated outstanding achievement in the field of fraud examination …  based on their contributions to the ACFE, to the profession, and to the community”); AGA’s 2012 Educator Award (“to recognize individuals who have made significant contributions to the education and training of government financial managers”); and AGA’s 2006 Barr Award (“to recognize the cumulative achievements of private sector individuals who throughout their careers have served as a role model for others and who have consistently exhibited the highest personal and professional standards”).


Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

Internal and external auditors at all levels; risk management and compliance specialists at all levels


Original Recording Date

01/08/2018


Yellow Book

Yes


Course Developer

David L. Cotton, CPA, CFE, CGFM


Date Added to Catalog

01/03/2018


Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Reviews

5
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Overall:      4.6

Total Reviews: 172

Comments

Mark E

"Excellent presenter. All auditors should have to take this course."

Andrew L

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Michael C

"Great course and format"

Fritz W

"Mr. Cotton is a technical expert who provides a necessary service to tax payers and government officials concerning the reliability of numerous Federal Agencies use of Federal Funds. This presentation was awesome!"

Stacy B - Bartow, Florida

"I loved the popcorn analogy!!"

Gary B

"Very good topic. I think the brainstorming requirement for audits gets short changed because many auditors have not had guidance on how to actually do it and the importance of it. This was very good in that it focused entirely on brainstorming."

Nancy G

"Dave Cotton is an excellent speaker and covered a very relevant subject thoroughly."

Cynthia W

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Bagato S

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R. U - Cottrellville, MI

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