Self-Study
Audit Red Flags: Navigating Financial, Behavioral, and Control Risks in Auditing
$116.00 – $136.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
4 Credits: Auditing
Course Level
Overview
Format
Self-Study
Course Description
This course covers the key red flags auditors should watch for during audits. It explores risks in financial reporting, revenue recognition, internal controls, and compliance. The course helps auditors identify warning signs of potential fraud, misstatements, and issues like weak internal controls or suspicious audit evidence. It also addresses red flags in management behavior, cybersecurity, and going-concern evaluations.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify red flags in financial statements that suggest potential misstatements or fraud
- Recognize common issues in revenue recognition practices that could indicate improper reporting
- Distinguish between normal financial reporting practices and warning signs of manipulation
- Recognize behavioral red flags that may indicate fraudulent or unethical conduct
- Identify management-related risks in estimates and representations that could affect audit outcomes
- Determine when changes in management behavior require further investigation
- Identify weaknessesin internal controls that may expose the organization to risk
- Select the appropriate response when suspicious or incomplete audit evidenceis found
- Distinguish between valid and questionable audit evidence during the audit process
- Recognize red flags in complianceaudits that suggest potential violations or regulatory risks
- Identify cybersecurity risks and indicators of inadequate protection measures
- Determine when going-concern issues require further assessment or disclosure
Course Specifics
SS925421110
February 4, 2025
There are no prerequisites.
None
94
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s Journal of Accountancy. Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple …
QAS Self-Study
