Enjoy this excerpt from the self-study text: The Yellow Book Interpreted which qualifies for 15 hours of CPE. The GAO has a few things to say about a government auditor’s ethical responsibilities and, thus, added a large section on ethics to the 2007 revision of the Yellow Book. The same ethical principles appear in the 2017 […]
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Yellow Book Ethics
The Struggle is Real
If you work for an audit shop with more than three professionals, you likely struggle with getting your audit report out the door. First of all, let me reassure you that you are perfectly normal. Nothing wicked or dastardly is afoot. Every audit team I have ever worked with wishes they could finish quicker. We […]
Do I need an audit, a review, or a monitoring visit? What is the difference?
If you have doubts that your audit customer understands what you do and how important you are 🙂 , share this article with them: Plenty, my friend! Plenty. So, you think you need an audit? Or maybe you heard that you could get by with a review instead? Maybe you were asked to find someone […]
The Internet Fraud Tree
The Association of Certified Fraud Examiners’ fraud tree is a little dated. Some of the scariest, highest impact frauds today occur in the cyber world. So please enhance the CFE’s fraud tree with the internet fraud tree when considering the various frauds that could occur on your audit. Most of the stories in this chapter […]
My comments to the GAO on the 2017 exposure draft of GAGAS
Here is the short response that I sent to the GAO on the 2017 exposure draft of GAGAS. The deadline for comments is July 6. Please send your comments to YellowBookComments@gao.gov. 6/20/17 GAO GAGAS Team – Thank you for giving the audit community a chance to comment. I am in the relatively unique position of having the […]
Fraudulent Disbursements – Billing Schemes and Payroll Schemes
More in the series on getting to know the fraud tree better. To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter, please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Learn to do good; seek justice, correct oppression; bring justice to the […]
Misappropriation of Cash: Larceny & Skimming
More in the series on getting to know the fraud tree better. To get a better sense of where we are on the fraud tree and which branch we are talking about in this newsletter, please see the entire fraud tree at http://www.acfe.com/fraud-tree.aspx. Objectives: Differentiate between skimming schemes Differentiate between schemes to misappropriate cash “I was […]
Fraud Risk Factors a.k.a. the Fraud Triangle
In our last chapter, we discussed the fraud tree – a taxonomy of fraud created by the Certified Fraud Examiners. Now we are going to look at another model created by the Certified Fraud Examiners which is also mentioned in the GAO’s Green Book – the fraud triangle. The GAO’s Green Book calls the three […]
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