Course Detail()

This course focuses on how fraud occurs within organisations, the associated risks and the auditor’s responsibilities in managing and responding to these risks.

Participants will gain a comprehensive overview of SSA 240: Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements, including the identification of fraud risk factors using frameworks such as the fraud triangle and fraud diamond. The course also covers key audit principles relating to fraud detection and the distinction between fraud audits and forensic accounting. Through real-world case studies, participants will explore practical techniques for detecting and addressing fraudulent activities during the audit process.

At the end of this course, you will be able to:

Understand the objectives and key requirements of SSA 240 in relation to an auditor’s responsibilities to consider fraud in the audit of financial statements;
apply the fraud triangle and fraud diamond framework to assess fraud risks within an organisation;
identify potential indicators of fraud and understand how they inform audit planning and procedures; and
differentiate between a fraud audit and forensic accounting and apply practical strategies to detect and respond to fraudulent activities.

Programme Outline

Understanding SSA 240
- Overview and objectives of SSA 240 Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
Nature of Fraud
- What is fraud
- The Fraud Triangle and the Fraud Diamond frameworks
- Indicators of fraud
Distinction Between Fraud Audit and Forensic Accounting
Auditor’s Responsibilities for Fraud Prevention and Detection
- Auditors’ responsibilities vs management’s responsibilities
Suggested Procedures for Detecting Fraud
Case Studies of Fraud
- Examination of real-world fraud cases including how they occurred and preventive measures

Training Methodology*

Lecture style with case studies

Closing Date for Registration*

1 Week before Programme or Until Full Enrolment.

Intended For

This course is intended for Auditors, Management, CFO and Finance Directors.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 01 April 2024 and 31 March 2027. *This excludes miscellaneous fees such as GST and registration fee etc.

This course is approved for UTAP support for intakes conducted between 28 September 2025 – 31 March 2027.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
Course by training provider must be supported under UTAP and training must commence within the supported period and;
Unfunded course fee must not be fully sponsored by company or other types of funding
Unfunded course fee must be S$20.00 and above, and;
Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)

Understand the objectives and key requirements of SSA 240 in relation to an auditor’s responsibilities to consider fraud in the audit of financial statements;
apply the fraud triangle and fraud diamond framework to assess fraud risks within an organisation;
identify potential indicators of fraud and understand how they inform audit planning and procedures; and
differentiate between a fraud audit and forensic accounting and apply practical strategies to detect and respond to fraudulent activities.