Download or read book Professional Skepticism and Fraud Risk Assessment An Internal Auditing Perspective written by Porschia C. Nkansa and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation focuses on examining the professional skepticism of internal auditors related to fraud risk assessment and environmental characteristics. The dissertation is comprised of three separate studies but the overall research question that is addressed is: How do certain environmental pressures affect the professional judgment (in this case, fraud risk assessment) and skeptical actions of internal auditors? The specific environmental factors examined in this dissertation are: (1) the level of coordination with external auditors, (2) a perceived conflict with legal counsel, and (3) the Chief Audit Executive's emphasis on professional skepticism. Each study consists of case materials (adapted from previous studies) with three parts: a fraud risk assessment, an indication of skeptical action, and personality trait questionnaires (including a professional skepticism scale). The results of this dissertation will be useful to audit committees, boards of directors, chief audit executives, corporate managers, external auditors, and regulators. The purpose of the first study is to investigate how the level of coordination with the external auditor affects internal auditors' fraud-related actions. Planned audit hours are the measure of skeptical action in this study. Prior research suggests that accountability strength influences auditor effort. The effect of external auditor coordination on internal auditors' planned audit hours has important implications for efficiency and perceived accountability to external stakeholders. Regulators and stakeholder organizations have encouraged more collaboration between external and internal auditors to improve efficiency and fraud detection. An experiment is conducted with 112 internal auditors to examine the theorized effects. The study uses a 2 x 2 between-subjects design and manipulates fraud risk (low or high) and external auditor coordination (low or high). Consistent with predictions, I find that internal auditors increase planned audit hours when fraud risk is high and that coordination moderates the relationship between fraud risk and hours. The results illustrate that although high external auditor coordination decreases internal auditors' hours (reflecting efficiency), internal auditors are more sensitive to responding to fraud risk when coordination is high (reflecting accountability).

Download or read book Fraud Risk Assessment written by Leonard W. Vona and published by John Wiley & Sons. This book was released on 2012-06-29 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a comprehensive framework for building an effective fraud prevention model, Fraud Risk Assessment: Building a Fraud Audit Program presents a readable overview for developing fraud audit procedures and building controls that successfully minimize fraud. An invaluable reference for auditors, fraud examiners, investigators, CFOs, controllers, corporate attorneys, and accountants, this book helps business leaders respond to the risk of asset misappropriation fraud and uncover fraud in core business systems.

Download or read book Detecting Fraud in the Organization written by Priscilla Ann Burnaby and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fraud constitutes a significant problem for many organizations. Its effects range from monetary costs to reputational loss. With the added impetus of recent regulations, the implementation of an effective anti-fraud program is a priority for most companies. To establish the basis for the effectiveness of controls and procedures designed in the anti-fraud program, a comprehensive fraud risk assessment should be performed and the program should be periodically reassessed. The Institute of Internal Auditors' (IIA) Practice Guide, IPPF - Internal Auditing and Fraud states that the organization's internal audit activity is often called upon to play a pivotal role in the development and evaluation of anti-fraud programs. This study examined the perceptions of internal auditors based on a survey instrument that collected data on the top fraud risks that internal auditors believed threaten their organizations and the procedures they perceived to be most effective in detecting those frauds. In response to The IIAs' Global Technology Audit Guide, Fraud Prevention and the Detection in an Automated World, the study also examined internal auditors' use of various business intelligence tools. The survey participants also shared the skills that they considered to be most important for detecting fraud. These skills were mapped to The IIA's Internal Auditor Competency Framework.

Download or read book Internal Auditors Skepticism in Detecting Fraud written by Gloria Castro and published by . This book was released on 2013 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: A quantitative online research survey was conducted to internal auditors that are members of social media. The significance of the research is to contribute to the theory that the lack of professional skepticism is the contributing factor to malpractice litigations against the auditors. To analyze the data collected for hypothesis 1, skeptical responses of the participants were divided into significance mean of >4.85 as high skeptical and ≤4.85 as low skeptical. Subsequently, the responses were analyzed by comparing the mean of the constructs of fraud indicator symptoms scale with the statistical analysis of One- way ANOVA, Homogeneity of variances. The finding was to retain the null hypotheses because the significance levels of all of the constructs for hypothesis 1 were over the probability rate of 0.05. As a result, the high level of professional skepticism of the internal auditors was unable to influence their professional judgment in detecting fraud during fraud risk assessments. Hypothesis 2 was tested by comparing the mean of years of experience with Hurtt Professional Skepticism Scale constructs to determine that high level of professional skepticism is attained through years of experience. The finding was to retain the null hypothesis because the significance level was over the alpha level of 0.05. Therefore, years of experience of the internal auditors do not achieve high level of professional skepticism. Two test instruments were used in this research; these are Hurtt professional skepticism scale (HPSS: Hurtt, 2010) and Fraud Indicator Symptoms Scale (FIS: Fullerton & Durtschi, 2004). These test instruments were measured on a 6-point Likert scale. Cronbach's alpha 0.90 was used to test the internal reliability of the test instruments. Data collected were analyzed with IBM SPSS Statistical version 21 software on One-Way ANOVA statistical model.

Download or read book Government Auditing Standards 2018 Revision written by United States Government Accountability Office and published by Lulu.com. This book was released on 2019-03-24 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision.

Download or read book Fraud Risk Assessment written by Tommie W. Singleton and published by John Wiley and Sons. This book was released on 2011-04-12 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for the Fourth Edition of Fraud Auditing and Forensic Accounting "Tommie and Aaron Singleton have made important updates to a book I personally rely very heavily upon: Fraud Auditing and Forensic Accounting (FAFA). In the newest edition, they take difficult topics and explain them in straightforward actionable language. All my students benefitted from reading the third edition of the FAFA to better understand the issues and area of fraud and forensic accounting. With their singular focus on understandability and practicality, this Fourth Edition of the book makes a very important contribution for academics, researchers, practitioners, and students. Bravo!"—Dr. Timothy A. Pearson, Director, Division of Accounting, West Virginia University, Executive Director, Institute for Fraud Prevention "Finally someone has written a book that combines fraud examination and forensic accounting. The authors have clearly explained both in their earlier edition and now they have enhanced the first with additional materials. The order in which the material is presented is easy to grasp and logically follows the 'typical' fraud examination from the awareness that something is wrong to the court case. The explanatory materials presented aid this effort by being both well placed within the book and relevant to the narrative." —Dr. Douglas E. Ziegenfuss, Chair and Professor, Department of Accounting, Old Dominion University "Fraud Auditing and Forensic Accounting is a masterful compilation of the concepts found in this field. The organization of the text with the incorporation of actual cases, facts, and figures provides a logical and comprehensive basis for learning the intricacies of fraud examination and forensic accounting. The authors successfully blend the necessary basics with advanced principles in a manner that makes the book an outstanding resource for students and professionals alike."—Ralph Q. Summerford, President of Forensic/Strategic Solutions, PC

Download or read book A Guide to Forensic Accounting Investigation written by Thomas W. Golden and published by John Wiley & Sons. This book was released on 2006-05-05 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's demanding marketplace expects auditors to take responsibility for fraud detection, and this expectation is buoyed by such legislation as the Sarbanes-Oxley Act and the Auditing Standard (SAS99), which requires increased performance on the part of the auditor to find material financial statement fraud. Written by three of the best forensic accountants and auditors, Thomas W. Golden, Steven L. Skalak, and Mona M. Clayton, The Auditor's Guide to Forensic Accounting Investigation explores exactly what assurances auditors should provide and suggests alternatives to giving the capital markets more of what they are requiring-greater assurances that the financial statements they rely upon for investment decisions are free of material error, including fraud. It reveals the surprising complexity of fraud deterrence, detection, and investigation, and offers a step-by-step approach to understanding that complexity. From basic techniques to intricate tests and technologies, The Auditor's Guide to Forensic Accounting Investigation is a rich, multifaceted, and fascinating answer to the need for wiser, savvier, better-trained financial statement and internal auditors who are thoroughly familiar with fraud detection techniques and the intricate, demanding work of forensic accounting specialists.

Download or read book The Essential Guide to Internal Auditing written by K. H. Spencer Pickett and published by John Wiley & Sons. This book was released on 2011-05-23 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Second Edition of The Essential Guide to Internal Auditing is a condensed version of the Handbook of Internal Auditing, Third Edition. It shows internal auditors and students in the field how to understand the audit context and how this context fits into the wider corporate agenda. The new context is set firmly within the corporate governance, risk management, and internal control arena. The new edition includes expanded coverage on risk management and is updated throughout to reflect the new IIA standards and current practice advisories. It also includes many helpful models, practical guidance and checklists.

Download or read book Auditing written by Raymond N. Johnson and published by John Wiley & Sons. This book was released on 2021-10-05 with total page 818 pages. Available in PDF, EPUB and Kindle. Book excerpt: Data analytics and emerging technology tools continue to evolve the business world, and employers expect new skillsets from graduates. Prepare your students to meet the rapidly changing demands of the workforce and become the future auditors and accounting professionals of tomorrow with Auditing: A Practical Approach with Data Analytics, 2nd Edition. In order to develop job-ready skills, students need to have a thorough understanding of auditing applications and procedures. Auditing, 2nd Edition helps students learn core auditing concepts efficiently and spark effective learning through integrated assessment learning that builds students' confidence and strengthens their ability to make connections between topics and real-world application. Throughout the course, students work through a practical, case-based approach with a decision-making focus, all within a real-world context with the Cloud 9 continuing case, Audit Decision Cases, and Audit Decision-Making Examples. These cases and resources help students learn to think critically within the auditing context and refine the professional judgement and communication skills needed to make real business decisions auditors face every day. With Auditing: A Practical Approach with Data Analytics you will be able to help students develop a deeper understanding of auditing procedures and learn how to perform a real-world audit, stay up-to-date on the latest audit standards technology tools, and develop the key skills to become the auditors of tomorrow.

Download or read book A Short Guide to Fraud Risk written by Martin Samociuk and published by Routledge. This book was released on 2017-05-15 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Short Guide to Fraud Risk is for: * anyone who needs to better understand fraud risks, either company-wide, or in a specific business unit; * directors and managers who would like to add value by building fraud resistance into their organization and to demonstrate to shareholders, regulators or other stakeholders that they are managing fraud risks, rather than just reacting to incidents; * regulators, auditors and compliance professionals who need to assess the effectiveness of an organisation's fraud prevention measures. The book gives a concise but thorough introduction to the risk of fraud based on a six-element strategy. It includes practical steps to assess and treat fraud risks across an organisation, including those relating to executive directors. It also provides practical steps to develop fraud awareness across an organisation and how to implement an effective fraud detection and incident management program. The application of the principles is illustrated with example documents and numerous case studies aimed at assisting the reader to implement either individual elements or a complete fraud risk management strategy.

Download or read book Auditing A Business Risk Approach written by Larry Rittenberg and published by Cengage Learning. This book was released on 2011-05-12 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: The auditing environment continues to change in dramatic ways, and new professionals must be prepared for a high standard of responsibility. Prepare your students for these changes by using Rittenberg/Johnstone/Gramling’s AUDITING: A BUSINESS RISK APPROACH, 8th EDITION. AUDITING 8e explains the importance of understanding business risk, internal controls, and the professional judgment processes. In addition, it focuses more than ever on international audit standards and includes a renewed emphasis on professional skepticism, the review process, and sustainability audits. In addition, students will gain valuable experience by using the professional ACL auditing software, packaged with each new text, as they work with fraud cases. AUDITING 8e helps your students understand the full range of auditing issues in the new global environment. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Download or read book A Study of Professional Skepticism written by Carmen Olsen and published by Springer. This book was released on 2017-01-31 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes how auditors exercise different levels of professional skepticism and how they are exposed to different types of affective information on clients’ behavior. Based on the author’s empirical study of 56 auditors, it shows that auditors’ skepticism and affective reactions towards a client interact to influence their appraisal of valuation problems. It also suggests that the effects of auditors’ affective reactions on their skeptical judgments depend on the level of risk in the audit engagement.

Download or read book Ethics and the Internal Auditor s Political Dilemma written by Lynn Fountain and published by CRC Press. This book was released on 2016-12-12 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book helps auditors understand the reality of performing the internal audit role and the importance of properly managing ethical standards. It provides many examples of ethical conflicts and proposes alternative actions for the internal auditor. Internal auditors are well-schooled on the IIA Standards, but the reality is that the pressure placed on internal auditors related to execution of work and upholding ethical standards can be very difficult. Regardless of best practice or theory, auditors must be personally prepared to manage through issues they run across.

Download or read book The Fraud Audit written by Leonard W. Vona and published by John Wiley & Sons. This book was released on 2011-08-09 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential guidance for creation of an effective fraud audit program in core business systems The Association of Certified Fraud Examiners has reported that U.S. businesses lose up to $4 billion annually due to fraud and abuse. Discover fraud within your business before yours becomes another business fraud statistic. The Fraud Audit provides a proven fraud methodology that allows auditors to discover fraud versus investigating it. Explains how to create a fraud audit program Shows auditors how to locate fraud through the use of data mining Focuses on a proven methodology that has actually detected fraudulent transactions Take a look inside for essential guidance for fraud discovery within specific corporate F&A functions, such as disbursement, procurement, payroll, revenue misstatement, inventory, journal entries, and management override.

Download or read book Enhanced Professional Certification Professional Skepticism and Risk Assessment During Financial Statement Audits written by Willie Jallah and published by . This book was released on 2020-06-09 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: Businesses today struggle with financial statement fraud, and financial statement fraud negatively affects the economy. Researchers indicated that financial statement fraud continues to be a problem even though businesses use professional auditors to assess and mitigate the risk of financial statement fraud. This non-experimental quantitative study with a correlational design used enhanced professional certification as the independent variable, and professional skepticism and risk assessment as the two dependent variables.

Download or read book Strategy and Leadership written by Brian Leavy and published by Routledge. This book was released on 1994 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Auditing the Risk Management Process written by K. H. Spencer Pickett and published by Wiley. This book was released on 2013-08-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk management is a part of mainstream corporate life that touches all aspects of every type of organization. Auditors must focus firmly on risk: risk to the business, the executives, and the stakeholders. Auditing the Risk Management Process incorporates all the latest developments in risk management as it applies to auditors, including the new Committee of Sponsoring Organizations of the Treadway Commission (COSO) enterprise risk paper. Auditing the Risk Management Process includes original risk maps and process models developed by the author, explaining where and how topics fit within an overall audit framework, all the latest developments in risk management as it applies to auditors, and insight into how enterprise risk management affects the responsibilities of both internal and external auditors.