book

Fraud Risk in Governmental and Not-for-Profit Organizations

by Lynda Dennis

June 2018

Intermediate to advanced

144 pages

3h 15m

English

Wiley

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OverviewIntroductionGeneral Warning Signs of FraudWays to Prevent, Detect, or Deter FraudSummaryPractice Questions
Unique Characteristics of the Governmental EnvironmentGovernmental OrganizationsUnique Characteristics of the Not-for-Profit EnvironmentGovernmental Financial Reporting Objectives and UsersNot-for-Profit Financial Reporting Objectives and UsersSummaryPractice Questions
Auditor Responsibilities and Marketplace ExpectationsFraud Risk Factors in Governmental and Not-for-Profit EntitiesFraud and the Auditor: An OverviewThe Auditor's Responsibilities Related to FraudApplication of AU-C Section 240 to Audits of Governmental and Not-for-Profit EntitiesSummaryPractice Questions
Where Fraud OccursWhere Fraud Occurs in Governmental OrganizationsWhere Fraud Occurs in Not-for-Profit EntitiesFraud Risks in Governmental and Not-for-Profit EntitiesManagement OverridePlanning Considerations in Audits of Governmental and Not-for-Profit EntitiesSummaryPractice Questions
Fraudulent Financial Reporting SchemesFraudulent Financial Reporting Revenue RecognitionFraudulent Financial Reporting Functional and Fund ClassificationsMisappropriation of Assets OverviewMisappropriation of Assets Common Fraud SchemesMisappropriation of Assets Common Fraud Schemes Procurement and ContractingMisappropriation of Assets Common Fraud Schemes Cash Receipts and Fraudulent DisbursementsMisappropriation of Assets Common Fraud Schemes Personnel CostsMisappropriation of Assets Common Fraud Schemes Property, Plant, and EquipmentMisappropriation of Assets Common Fraud Schemes Diversion of Program Benefits and AssetsSummaryPractice Questions
Chapter 1Chapter 2Chapter 3Chapter 4Chapter 5

Overview

This book uses a combination of explanations and examples to help you understand the frauds most common in governments and nonprofits, as well as what prevention and detection procedures are most effective in responding to these fraud risks. It also discusses how auditors might address their responsibilities with respect to fraud in a financial statement audit of governmental and not-for-profit organizations.