Skip to Main Content
Principles of Fraud Examination, 4th Edition
book

Principles of Fraud Examination, 4th Edition

by Joseph T. Wells
October 2013
Beginner content levelBeginner
544 pages
20h 52m
English
Wiley
Content preview from Principles of Fraud Examination, 4th Edition

CHAPTER 14

FRAUD RISK ASSESSMENT

LEARNING OBJECTIVES

After studying this chapter, you should be able to:

14-1 Describe the factors that influence an organization's vulnerability to fraud
14-2 Explain the difference between preventive and detective controls
14-3 Define and explain the objective of a fraud risk assessment
14-4 Discuss why organizations should conduct fraud risk assessments
14-5 Understand the characteristics of a good fraud risk assessment
14-6 Describe considerations for developing an effective fraud risk assessment
14-7 List actions that should be taken to prepare a company for a fraud risk assessment
14-8 Understand the steps involved in conducting a fraud risk assessment and how to apply a framework to it
14-9 Describe approaches to responding to an organization's residual fraud risks
14-10 Name important considerations when reporting the results of a fraud risk assessment
14-11 List actions management should take using the results of a fraud risk assessment
14-12 Explain how a fraud risk assessment can inform and influence the audit process

OVERVIEW

For the organization's fraud risks to be effectively managed, they must first be identified using a formal risk assessment. If performed and used correctly, a fraud risk assessment can be a powerful proactive tool in the fight against fraud for any business. Additionally, regulators, professional standard-setters, and law enforcement authorities continue to emphasize the crucial role ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Forensic Accounting and Fraud Examination, 2nd Edition

Forensic Accounting and Fraud Examination, 2nd Edition

Mary-Jo Kranacher, Richard Riley

Publisher Resources

ISBN: 9781118582886Purchase book