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Internal Control & Fraud Detection (CFDP)

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Price:  $79.99
The introduction of Sarbanes-Oxley (SOX) Act law fueled rapid growth in the organizational importance of internal control systems. Appropriate interpretation and implementation of the internal control framework is vital for every organization. This course incorporates and reflects up-to-date guidance from the PCAOB, the AICPA, the ACFE, and the principles of 2013 COSO Framework. The course not only addresses the theoretical concept of the internal control systems but also provides readers with the practical guidance they need to assume a role in the design, implementation, maintenance and evaluation of a comprehensive framework of internal controls for their organizations. Specifically, the course presents the principles of internal control to help readers understand the nature and context of control, such as limitations of internal controls, the most recognized controls frameworks (e.g. COSO Framework, Green Book), and some common and important control procedures. It also includes steps on how to identify r

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Self-Study Download

Company Code

Self Study

Yellow Book Approved


CFP Approved


IRS Approved


CTEC Approved


Field of Study Credits

Auditing (Technical) (8)

Field of Study Department

Auditing (Technical)

Course Version


CPE Approved




Knowledge Level:


Major Topics:

  • The Principles of Internal Control
  • Management Assessment of Internal Controls
  • Audit of ICFR Integrated with Audit of Financial Statements
  • Fraud Prevention and Detection

Learning Objectives:

  • Identify the functions and limitations of internal control
  • Cite the COSO principles of internal control
  • Identify some common and important control procedures
  • Distinguish between the IT general controls and application controls
  • Recognize the implication and significance of the Sarbanes-Oxley Act
  • Recognize key procedures involved in identifying risks and controls
  • Cite key considerations for identifying and evaluating control deficiencies
  • Recognize the requirements of management documentation of controls
  • Identify factors in assessing the maturity level of a company’s internal control structure
  • Identify the audit objectives, scope, and procedures applied to the integrated audit
  • Cite fraud considerations in a financial statement audit
  • Identify the most common schemes and fraud symptoms
  • Recognize techniques to prevent and detect fraud

Designed For:

Those who want to assume a role in the design, implementation, maintenance, and evaluation of a framework of internal controls