The financial pressures on organizations and individuals due to the pandemic’s economic impacts have become crushing. Unemployment and unrest have seen historic highs. Cash flows have slowed to a trickle. With no visible end to our current uncertainty, many business owners are desperately struggling to make ends meet. This pressure builds and builds, and eventually engulfs the business’ suppliers, employees, and partners, continuing the cycle. Today’s environment also exponentially increases the opportunities for fraud. Fraud continues to plague businesses at epidemic levels and internal control omissions and failures are a large reason why fraud occurs. Business fraud is a significant, and growing problem. Hardly a day goes by without news reports of organizations being hacked or having their data hijacked. Phishing scams and ID theft are also serious threats to businesses. According to data produced by Accenture, 43% of cyber-attacks are aimed at small or medium-sized organizations, but only 14% of those organizations are well protected. Around 60% of successful internet fraud cases are the result of phishing emails, and 30% of cases result from ID theft. This course shows the auditor how to detect fraud. It does so by discussing fraud risk indicators and other clues indicating the presence of fraud and itemizes the many extended audit procedures that can be used to detect traces of fraud. Following are the major topics covered in this Fraud CPE webinar: Occupational Fraud Examples of actual frauds How frauds are being committed and uncovered Various methodologies for detecting fraud Internal Controls for Preventing & Detecting Frauds Reporting of fraud Fraud red flags Management’s role in fraud Cyberattacks In this Audit course, we will review various methodologies for detecting frauds and will discuss developing internal controls to help prevent and detect frauds.