Understanding management’s intentions is a critical component of identifying potential fraud risks in an audit. While many professionals may never have encountered fraud directly, auditors must remain alert to the ways in which individuals may manipulate financial information for personal gain or to conceal poor performance.
Management’s intentions can significantly influence the risk of material misstatement in financial statements, whether due to fraud or error. By recognising the behavioural drivers behind fraudulent activity, auditors can better identify areas where financial information may be vulnerable to manipulation.
This course helps you develop practical knowledge and stronger professional scepticism when assessing fraud risk. Through practical examples and discussion of real-world scenarios, you will learn how to evaluate the conditions that allow fraud to occur and how to design appropriate audit procedures to address those risks.
During the training, you will explore:
- The fundamentals of identifying fraud risks
- Key stages in the fraud risk identification process
- The conditions that enable fraud, including:
- Incentives or pressures that motivate fraudulent behaviour
- Opportunities that allow fraudulent financial reporting
- Attitudes or rationalisations that justify fraud
By the end of the course, you will have a clearer understanding of how management intentions can influence fraud risk and how to respond with appropriate audit procedures and sceptical thinking.
Upon completion, you will receive a verifiable LEAF Bronze CPD certificate, recognising your commitment to strengthening audit quality and fraud risk awareness.
Elevating the standards of all auditors and those seeking to become auditors by upholding the principles of legislation, regulation, and quality audit management and performance.
Quests Curriculum
- 6 Levelss
- Coaching By LEAF
- Communities Support
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Levels 01 Introduction
Mission(s) included in this level: 1. Welcome, 2. Introduction
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Levels 02 Incentives or Pressures
Mission(s) included in this level: 3. Incentives or Pressures
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Levels 03 Opportunities
Mission(s) included in this level: 4. Fraudulent Financial Reports
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Levels 04 Rationalisation
Mission(s) included in this level: 5. Rationalisation
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Levels 05 Summary
Mission(s) included in this level: 6. Summary and Conclusion
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Levels 06 Final Quiz
Upon completion of all the levels and passing the quiz with a minimum of 80 % and the quest, participants will receive a verifiable Bronze LEAF Certificate.
Success Stories
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David M. Audit Manager
"This course sharpened my awareness of how management behaviour can signal potential fraud risks. Very practical and thought-provoking."
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Lerato P. Senior Auditor
"The examples made the fraud triangle come alive. It helped me understand how to apply professional scepticism during planning."
