As internal auditors, we are tasked with providing assurance on the effectiveness of an organization's controls and identifying risks that could affect its operations. One of the most significant risks we face is fraud, which can occur at any level of the organization and can have devastating consequences. However, despite the importance of fraud detection, many auditors overlook obvious red flags or fail to take proactive steps to uncover fraud during their audits.

A common misconception in the auditing world is that fraud is too difficult to detect or that it requires specialized techniques that are beyond the scope of a typical audit. The phrase “you can’t test for fraud” often circulates within audit circles, leading many auditors to ignore potential fraud risks or to rely too heavily on traditional audit procedures that don't always uncover fraud. In reality, there are many simple, yet effective, tests that auditors can perform to identify potential fraud red flags. The key is knowing where to look, what to look for, and how to test for it.

Fraud detection is not limited to complex forensic accounting procedures or sophisticated data analytics. In fact, some of the most powerful tools in your fraud detection arsenal might not be technical at all. Simple analytic tests, such as examining unusual transactions or comparing financial data trends, can raise red flags that warrant further investigation. Additionally, conversation and relationship-building are often underestimated in their ability to uncover fraud. A candid conversation over a cup of coffee or a casual exchange with employees can sometimes yield insights that data cannot.

This webinar will equip you with the tools, techniques, and mindset needed to incorporate fraud detection into every audit. We will explore how to use simple analytic tests to identify signs of fraud, enhance your interpersonal skills to foster trust and uncover information, and apply real-world examples of how fraud was detected in various auditing situations. By integrating fraud detection into your audit process, you will not only enhance your ability to uncover fraud but also strengthen your overall audit quality.

Areas Covered

Who Should Attend

Senior Internal Auditors, Internal Audit Managers, Internal Audit Directors

Why Should You Attend

Fraud red flags are present in nearly every audit, but many auditors fail to recognize them or don’t know how to test for them. This webinar is designed to help auditors recognize and uncover fraud during their routine audits by equipping them with practical techniques and strategies. By learning to look for the right red flags and applying simple analytic tests, auditors can significantly improve their ability to detect fraud early, saving their organizations from costly fraud-related issues.

One of the key takeaways from this session will be learning how to incorporate fraud detection into every audit without having to be a fraud expert. Auditors are often trained in general auditing techniques but may not have the necessary skills to detect fraud through testing or analysis. This session will teach you simple yet effective analytic tests that can raise red flags and prompt deeper investigation.

Additionally, soft skills—such as communication and building rapport—are powerful tools in fraud detection. Sometimes, the most significant fraud clues come from casual conversations or informal exchanges with employees, rather than from data or sophisticated techniques. By enhancing your soft skills, you can foster an environment where employees feel comfortable sharing concerns, which may ultimately help you uncover fraud.

If you're an internal auditor or fraud examiner looking to improve your ability to detect fraud and incorporate it into every audit, this webinar is a must-attend. You'll walk away with the confidence and knowledge to identify fraud early, apply effective fraud detection techniques, and use your interpersonal skills to uncover valuable information. Don’t miss this opportunity to elevate your auditing skills and better protect your organization from fraud.

Topic Background

Fraud detection is an essential skill for all internal auditors, yet it is often overlooked or undervalued in traditional auditing practices. Internal auditors are expected to maintain a basic awareness of fraud schemes, red flags, and potential risks. Unfortunately, many auditors either lack the proper training to test for fraud or have been conditioned to believe that fraud is too difficult to detect within the scope of their audits.

In this webinar, we will discuss how auditors can incorporate fraud detection techniques into every audit they perform. By utilizing simple analytic tests, enhancing soft skills, and learning from real-world examples, auditors can effectively raise red flags and uncover fraud during routine audit procedures. Attendees will gain insights into how to improve their fraud detection efforts by leveraging both analytical techniques and interpersonal skills, ensuring they are equipped to detect fraud whenever and wherever it occurs.