A Review of AU-C Section 240 and the New NOCLAR Rules
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
SEC whistleblower reports are on the rise, auditors need to understand the requirements of AU-C Section 240 when planning and performing audits. Additionally the AICPA has updated its Code of Professional Conduct to include reporting requirements for noncompliance with laws and regulations (NOCLAR). This course is designed to review the auditors requirements for finding and reporting fraud and noncompliance, including ethical issues, when conducting an audit.
This course would be appropriate for CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, internal auditors, external auditors and others involved in the audit process.
Publication Date: September 2023
Topics Covered
- Fraud Review
- Reporting Fraud
- NOCLAR Rules
- Consideration of Fraud in a Financial Statement Audit
Learning Objectives
- Identify Red Flags for Fraud
- Identify the new NOCLAR requirements
- Identify Fraud Schemes that Affect Businesses
- Identify the most common way to discover fraud according to the ACFE
- Identify the theory that indicates that people are most likely to imitate the actions of their superiors
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
