What Does Fraud Look Like?

Course Details


Tuesday, June 15, 2021

8:00am – 10:00am

Field of Study

Auditing (Governmental)

Course Number


CPE Credit

2.0 hours CPE credit

Level of Knowledge







SAS No. 122, AU 240, Consideration of Fraud In A Financial Statement Audit states that auditors fail to detect fraud for two primary reasons:  1. They don’t know what it looks like and, 2. They don’t know how to look for it.


This presentation is designed to assist those attending to be able to identify the tell-tell indicators of fraud.  What Does Fraud Look Like?  I don’t know …… but I’ll know it when I see it.  In order to first to be able to identify fraud, one must understand the entity and the environment that it exists in.  After all, it is possible and indicator of fraud in one business would be a normal part of operations in another, and you have to know the difference.


Items that will be discussed include the importance of professional skepticism, what indicators of fraud to look for when examining documents; how to obtain information without asking questions; what to do when something just does not make sense and, understanding why individuals steal.


  • Auditing
  • Fraud


  • To gain an understanding of the concept and nature of professional skepticism
  • How the type of entity and the environment if operates in by themselves create risks
  • Learn how to identify the more common indicators of fraud
  • Discover the difference between a usual and an unusual transaction
  • Recognize the two perpetrator behavioral red flags where one is present 70% of the time
  • Discover the important of the Town At the Top and how it relates to risks

Designed For

External and Internal Auditors; Small Business Owners; Not For Profit Administrators

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $109.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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