CPA - medium firm
CPA - large firm
Fraud is a threat to every organization and can cost millions of dollars. As auditors, we must constantly be on the lookout for it. Every major audit standard has some fraud provisions that auditors are required to follow. You can't get around it. It starts with the planning process and carries on throughout the audit engagement.
Auditors are not expected to be fraud experts like Certified Fraud Examiners. However, every auditor should be familiar with the key fraud red flags and the major fraud schemes. They are responsible for identifying fraud risks and providing assurance that the controls in place are adequate and effective in mitigating those risks.
Learning Objectives:
- Define the three broad fraud categories
- Review certain information from the 2024 ACFE global report
- Identify likely departments where fraud occurs
- Outline fraud schemes for various departments
- Determine auditors’ responsibility related to fraud
Jonnie Keith, CIA, CFE, CGAP
JonSherr Enterprises
Internal Audit Instructor
[email protected]
Mr. Keith has over 40 years of audit experience and served as the Chief Audit Executive for the Metropolitan Atlanta Rapid Transit Authority (MARTA) for 11 years before his retirement in 2012.
As the Chief Audit Executive for MARTA, he was responsible for administering the overall audit activities for the Department of Internal Audit.
He has been a volunteer seminar instructor for the Institute of Internal Auditors. He currently teaches audit webinars, including:
• Writing Effective Audit Observations
• Putting the Quality in Audit Reports
• What it Takes to be the Auditor-In-Charge
• Assessing Risk and Evaluating Controls
• What It Takes to be the Auditor-In-Charge
He has been published three times in the IIA Magazine’s “Back to Basics” section. He has a degree in Economics from Clark Atlanta University. His certifications include Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), and Certified Government Auditing Professional (CGAP).
About Our Presenter
As the Chief Audit Executive for MARTA, he was responsible for administering the overall audit activities for the Department of Internal Audit including:
- Providing the Board, the GM/CEO, MARTA Management and appropriate government entities with independent analysis, appraisals, and recommendations concerning operational, information technology, contract compliance, and financial audits.
- Directing the day-to-day activities for three audit managers, 12 auditors and the audit coordinator.
- Developing and/or reviewing all audit reports and audit correspondence.
His other audit experience includes serving as:
- Operational Audit Manager at MARTA
- Senior Auditor in the Contract Compliance Audit Branch at MARTA
- Senior Auditor at Norfolk Southern Railway
- Bank Examiner at the Federal Reserve Bank of Atlanta.
He has been a volunteer seminar instructor for the Institute of Internal Auditors. Some of the courses taught included:
- Writing Effective Audit Reports
- Tools and Techniques for the Beginning Auditor
- Communication Skills for Auditors
- Leadership Skills for the Auditor-In-Charge
- Audit Project Management
- CIA Review Course
He currently teaches audit webinars, including:
- Writing Effective Audit Observations
- Putting the Quality in Audit Reports
- What it Takes to be the Auditor-In-ChargeAssessing Risk and Evaluating Controls
- What It Takes to be the Auditor-In-Charge
He has a degree in Economics from Clark Atlanta University. His certifications include Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), and Certified Government Auditing Professional (CGAP).
- CPE Credits
- Support and FAQs
- Terms and Conditions
- Privacy Policy
- CPAwebengage, Inc.