K2’s Case Studies in Fraud and Technology Controls
Auditing
4 CPE Credits
Major Topics
- Key fraud risks impacting businesses today
- How to create, implement, and assess technology-based internal controls to reduce the probability of becoming a fraud victim
- Examples of fraud and the monetary impact on victims
Learning Objectives
- Define information technology general controls and information technology application controls and distinguish between the two
- List examples of critical information technology controls
- List recommendations for improving internal controls in an organization
- Recognize control failures and weaknesses that can lead to fraud
Description
Fraud plagues businesses at epidemic levels, and technology control failures are a major contributing factor. Using a case study approach, in this session, you will learn about the pervasiveness of fraud, the control failures that contribute to fraud, and what you can do to mitigate fraud risk.
A specific focus of this course is the application of information technology general controls and information technology application controls. In this course, you will examine numerous reported fraud cases and identify the general control and application control failures that contributed to each fraud. By learning through these real-world case studies, you will be better positioned to reduce fraud risk.
Compliance Information
Overview
Fraud plagues businesses at epidemic levels, and technology control failures are a major contributing factor. Using a case study approach, in this session, you will learn about the pervasiveness of fraud, the control failures that contribute to fraud, and what you can do to mitigate fraud risk.
A specific focus of this course is the application of information technology general controls and information technology application controls. In this course, you will examine numerous reported fraud cases and identify the general control and application control failures that contributed to each fraud. By learning through these real-world case studies, you will be better positioned to reduce fraud risk.
Course Details
- CAS overview to understand the service offerings, client needs, and market opportunities
- Selecting technology tools in CAS for accounting, workflow, and client collaboration
- Designing Service Delivery Models that are scalable and efficient processes for CAS
- Managing client relationships and setting expectations to deliver consistent value
- Evaluating pricing strategies, including fixed fee, subscription, and other pricing models
- Ensuring governance and meeting regulatory standards for data security and compliance
- Adapting to emerging technologies and evolving client demands to future-proof the practice
- Define the scope and benefits of Client Accounting Services for CPA firms
- Identify essential technology tools and strategies for CAS implementation
- Evaluate various pricing models and their application to CAS offerings
- Outline critical considerations for maintaining data security and regulatory compliance in CAS
- Develop a roadmap for building or enhancing a scalable CAS practice
Intended Audience — Accounting professionals seeking to successfully enter or expand the client accounting sector of their practice
Advanced Preparation — None
Field of Study — Accounting
Credits — 2 Credits
IRS Program Number –
Published Date – January 1, 2025
Revision Date –