Fraud Audit Techniques using Excel

Price: $19.99

CPE Credits: 2.0

Category: , , ,

Course Number: EXMCFAUDIT

fraud audit excel

Description:
This course is 1 Hour Computer Software and Applications and 1 Hour Audit.
Microsoft Excel provides some easy to use tools that can greatly enhance and expedite the fraud audit process. With all detective work, you want to be able to sift through a large volume of data and utilize a tool that is adequately flexible for you to perform immediate investigations of anything questionable. Excel provides a number of different tools however we are going to focus on a couple of extremely useful ones: Auto filter, Arrays as well as a couple of extremely useful functions that include TEXT,WEEKDAY, IFERROR, IFNA MATCH and MOD. Another tool used in fraud audits that does not necessarily require Excel, but can be used in conjunction with Excel, is Benford’s Law.  Benford’s law is based on an observation that in certain large data sets, certain digits appear more frequently than others.  By comparing the distribution of first digits in some accounting data, this tool can assist you in determining where more investigation is necessary by helping to pinpoint where data may have been contrived through fraud. Table of Contents

This course provides step by step instruction and Excel practice exercises as well as answer files.

Delivery Method: Online QAS Self Study.

Level: Intermediate.

Version:  Excel 2007  through  Excel 2016

Prerequisites: Knowledge of how to use basic formulas and functions

Advanced Preparation: None

Author: Patricia McCarthy and Joseph P. Helstrom, CPA

Publication: November 2010
Revision:  May 2017

Format: PDF and Exercise Files
Pages: 60

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the uses of auto filter in fraud auditing
  • Recognize when auto filter and conditional formatting may be utilized to highlight exceptions
  • Associate VLOOKUP and IFERROR functions with a need to compare lists
  • Associate array formulas and certain text functions with a need to compare lists
  • Identify and eliminate duplicate items
  • Identify gaps in a sequence using Excel
  • Recognize the uses of Benford’s Law

Description:
This course is 1 Hour Computer Software and Applications and 1 Hour Audit.
Microsoft Excel provides some easy to use tools that can greatly enhance and expedite the fraud audit process. With all detective work, you want to be able to sift through a large volume of data and utilize a tool that is adequately flexible for you to perform immediate investigations of anything questionable. Excel provides a number of different tools however we are going to focus on a couple of extremely useful ones: Auto filter, Arrays as well as a couple of extremely useful functions that include TEXT,WEEKDAY, IFERROR, IFNA MATCH and MOD. Another tool used in fraud audits that does not necessarily require Excel, but can be used in conjunction with Excel, is Benford’s Law.  Benford’s law is based on an observation that in certain large data sets, certain digits appear more frequently than others.  By comparing the distribution of first digits in some accounting data, this tool can assist you in determining where more investigation is necessary by helping to pinpoint where data may have been contrived through fraud. Table of Contents

This course provides step by step instruction and Excel practice exercises as well as answer files.

Delivery Method: Online QAS Self Study.

Level: Intermediate.

Version:  Excel 2007  through  Excel 2016

Prerequisites: Knowledge of how to use basic formulas and functions

Advanced Preparation: None

Author: Patricia McCarthy and Joseph P. Helstrom, CPA

Publication: November 2010
Revision:  May 2017

Format: PDF and Exercise Files
Pages: 60

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the uses of auto filter in fraud auditing
  • Recognize when auto filter and conditional formatting may be utilized to highlight exceptions
  • Associate VLOOKUP and IFERROR functions with a need to compare lists
  • Associate array formulas and certain text functions with a need to compare lists
  • Identify and eliminate duplicate items
  • Identify gaps in a sequence using Excel
  • Recognize the uses of Benford’s Law
  • Thank you Patricia. I really love your courses. I learned so much about excel this weekend!”

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  • “Excellent Regulatory Review Course. The self-study format (E-Book) provided an excellent overview of the regulatory requirements for California CPAs. I will be using the E-Book as  a reference material. Thank you for providing a very comprehensive yet affordable option for this required CPE.”

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