All About Fraud - Examples, Prevention and Auditing
Overview
Fraud continues to make headlines, underscoring the importance of understanding how fraud occurs, how it can be prevented, and how auditors are expected to respond. This course begins with an overview of common fraud schemes identified in the 2026 Report to the Nations issued by the Association of Certified Fraud Examiners, along with key characteristics commonly observed among fraud perpetrators.
The course then explores practical approaches organizations use to prevent and deter fraud, highlighting controls, policies, and cultural factors that can reduce fraud risk. Participants will also review recent fraud cases reported in the news to reinforce how these schemes manifest in real-world settings.
The course concludes with a discussion of the auditor’s responsibilities related to fraud under AU-C 240, including an overview of proposed changes to the fraud standards and what they may mean for future audit engagements.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics that will be covered in this course include:
- 2026 Report to the Nations issued by the Association of Certified Fraud Examiner.
- Practical approaches organizations use to prevent and deter fraud, highlighting controls, policies, and cultural factors that can reduce fraud risk.
- Recent fraud cases reported in the news to reinforce how these schemes manifest in real-world settings.
- Discussion of the auditor's responsibilities related to fraud under AU-C 240, including an overview of proposed changes to the fraud standards and what they may mean for future audit engagements.
Prerequisites
None
Designed For
Accountants and Auditors
Objectives
After attending this presentation, you will be able to...
- Recognize common fraud schemes identified in the Report to the Nations.
- Identify common characteristics and risk factors associated with fraud perpetrators.
- Identify preventive measures organizations use to deter fraud.
- Recall key data points and trends from the 2026 Report to the Nations.
- Identify the auditor’s responsibilities related to the consideration of fraud under AU-C 240.
Preparation
None
Leader(s):
Leader Bios
Melisa Galasso, Galasso Learning Solutions LLC
Melisa Galasso, CPA is passionate about providing confidence, not just compliance as she leads Galasso Learning Solutions as Founder & CEO. Melisa is a nationally recognized authority in designing and facilitating courses on advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Since 2016, she has guided the GLS team to deliver quality in everything we do. With a far-ranging career in public accounting, academia and industry and a bachelor’s degree from Georgetown University, Melisa has built a reputation for delivering engaging, effective learning experiences for CPAs. Committed to advancing our profession, she has served on multiple committees for leading industry organizations including the AICPA and FASB, written the nonprofit accounting book, “Money Matters for Nonprofits,” and has been honored with the Top 50 Women in Accounting Award, the Rising Star award from NAWBO Charlotte, and “40 under 40” recognition by CPA Practice Advisor. In her free time, Melisa loves spending time with her family and can often be found at one of her daughter’s horse shows, supporting the arts with tickets to the orchestra, volunteering, or speaking a bit of French or Spanish on one of her treasured quarterly vacations.
Non-Member Price $169
Member Price $149