CCH Learning Center

Auditing: Selected Developments (Second Edition)

Regardless of whether the U. S. economy is in a growth phase or a recession, there continues to be a record number of frauds being committed either in the form of fraudulent financial reporting cases involving management, or misappropriation of assets (theft) involving employees. As a result, auditors on both sides of the Atlantic are trying techniques to limit their liability to their clients and third parties.

In late 2006, the Association of Certified Fraud Examiners (ACFE) published a report on fraud entitled, 2006 Report to the Nation on Occupational Fraud and Abuse. This course will review the information revealed by that report as well as summarize some of the pending rulings being proposed to limit auditor liability. Finally, this course will provide you with the results of the American Institute of Public Accounting (AICPA) Top Ten Technology Issues of 2007, which includes several new items that were not on the 2006 list. To no surprise, information security continued to be the number one item on the list.