Auditor's Enigma

Why Don't Auditors Find (More) Fraud?

The noble audit profession is often associated with uncovering fraud and financial schemes, especially in the private sector, even if that is not an auditor's truest function. When auditors fail to uncover a fraud scheme and the losses become public the results can be disastrous for the audit firm and public trust.

According to one well established study, external auditors find fraud only 4% of the time while internal auditors are discovering fraud only 15% of the time. A fraud scheme has a higher chance of being caught by accident at 7%. But why? In this course we discuss some options for mitigating audit risk to fraud, the staggering financial loss that occurs when a fraud - particularly financial statement fraud - is perpetrated, and some techniques to consider to add to the auditing tool chest.

Your Instructor

Aaron Denbo
Aaron Denbo

Aaron Denbo is a seasoned instructor, interviewer, and investigator who focuses on applying innovative and effective techniques to the investigative process. Mr. Denbo is a Certified Fraud Examiner and Certified Forensic Interviewer with investigative specializations in Healthcare Fraud, Organized Crime, Interviewing, and S/OSINT. He earned a Masters degrees in Religion and a Master of Applied Science in Security Management with a subject matter focus on Organizational Security.

He also holds advanced certificates in Forensic Linguistics and a certificate in Crime Prevention Through Environmental Design. His investigative background includes fraud investigation in Higher Education entitlement programs, Healthcare Fraud, and Insurance fraud. He is currently a fraud investigator on the west coast of the US and Special Investigations instructor at the Braven Academy.

Course Curriculum

Frequently Asked Questions

When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
How long do I have access to the course?
How does lifetime access sound? After enrolling, you have unlimited access to this course for as long as you like - across any and all devices you own.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund.

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