BA592T053FraudSAS99080805
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BA592T053FraudSAS99080805 PowerPoint PPT Presentation


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BA592T053FraudSAS99080805. Fraud. SAS 99. Print off. SAS 99. Auth. Stds for Auditors of Non issuers. Who resp. for fraud?. Resp: Prevent Deter Detect. Fraud  Error. Intent!. NOT Legal!. Two types of Misstmts. 1. Fr. fin. rptg. 2. Misappr. of Assets. Fraud Triangle/Diamond.

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BA592T053FraudSAS99080805

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Ba592t053fraudsas99080805

BA592T053FraudSAS99080805


Fraud

Fraud

SAS 99


Print off

Print off

SAS 99


Auth stds for auditors of non issuers

Auth. Stds for Auditorsof Nonissuers


Who resp for fraud

Who resp. for fraud?


Resp prevent deter detect

Resp:PreventDeterDetect


Fraud error

FraudError


Intent

Intent!


Not legal

NOT Legal!


Two types of misstmts

Two types ofMisstmts


1 fr fin rptg

1. Fr. fin. rptg


2 misappr of assets

2. Misappr. of Assets


Fraud triangle diamond

FraudTriangle/Diamond

  • Rationalize/Attitude

  • Incentive/Pressure

  • Opportunity

  • Capability


Ba592t053fraudsas99080805

Mgmt:

Override!


Collusion

Collusion


Ba592t053fraudsas99080805

EA:

Assess Fraud Risk!


Response to fr

Response to FR

(3ways)


1 overall

1. Overall


Specifically ided risks

Specifically Idedrisks


Mgmt override of controls esp mgmt judgments

Mgmt Override of Controls(esp. mgmt judgments)


Responding to fraud

Respondingto Fraud!


Immaterial and lower level employee

imMaterial and lower level employee


If involves sr mgmt

If involves Sr. Mgmt

(M or imM)

Then, A.C.!!


Ba592t053fraudsas99080805

If M:

w/draw?

To A.C.!!


Other considerations

Other considerations:

integrity of mgmt?

attitude of BofD, mgmt?


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Document

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