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 […]
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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 […]
Fraud Risk per the GAO’s Green Book
Just because you’re unaware of the risk, doesn’t mean it isn’t there Just because you aren’t conscious of something dangerous, doesn’t mean it isn’t lurking. One of the most important themes of the GAO’s Green Book (and the 2013 COSO model it is sourced from) is consciousness. Instead of just playing along with the crowd […]
The Key to Good Audits
The GAO mentions audit objectives 120 times in chapter 6 of the Yellow Book for a reason! Your audit success hinges on your ability to define a finite, auditable objective. Click the video image below to view this very short video on the subject and take a look at the attached whitepaper below on audit […]
Chapter 2: Grounding the Green Book in Reality
Objectives: Identify reasons why most organizations do not achieve the ideal internal control structure described in the the Green Book The Green Book describes control nirvana Art of Finding 8 hours of Yellow Book credit. Interactive and in Austin! Register here. The GAO Green Book lays out an ideal control structure – a nirvana for […]
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