The Good, the Bad, and the Ugly: Fraud in Schools

The start date for this course has passed. Registration is no longer available.

This course is 1.80 credits
Fields of Study
Accounting, Auditing
Course Level
Basic
Vendor
BPN, Inc ACPEN

Registration Fees

MSCPA-AICPA Member
$79.00
MSCPA Member
$79.00
AICPA Member
$109.00
Non-Member
$109.00
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Monday, Mar 1, 2021
3:00pm – 4:36pm

This might come as a shock, but schools and school programs can be susceptible to fraud and corruption. This session will examine the facts surrounding several recent school fraud and corruption cases to determine if and how they could have been prevented and if and how auditors should have detected them. Participants will be challenged to: Identify the fraud risk factors that should have alerted auditors to the fraud or corruption problem Evaluate the legs of the Fraud Triangle that supported the fraud Postulate appropriate fraud risk factor responses that would have led to the detection of the problem Evaluate whether or not the auditors should be held accountable for failing to detect the problem Practitioners charged with either internal control or audit responsibilities should benefit from this session.
This might come as a shock, but schools and school programs can be susceptible to fraud and corruption.  This session will examine the facts surrounding several recent school fraud and corruption cases to determine if and how they could have been prevented and if and how auditors should have detected them.  Participants will be challenged to:
  • Identify the fraud risk factors that should have alerted auditors to the fraud or corruption problem
  • Evaluate the legs of the Fraud Triangle that supported the fraud
  • Postulate appropriate fraud risk factor responses that would have led to the detection of the problem
  • Evaluate whether or not the auditors should be held accountable for failing to detect the problem
Practitioners charged with either internal control or audit responsibilities should benefit from this session.

Designed For

Accountants and a

Course Objectives

  • Why fraud in schools is prevalent
  • Red flags and fraud risk factors related to school fraud
  • How the fraud triangle applies to schools

Major Subjects

  • School fraud
  • Fraud risk factors
  • Fraud triangle
  • Types and examples of school fraud

Prerequisites

None

The start date for this course has passed. Registration is no longer available.