For this Discussion Area in Module 4 you will first need to read detail related to occupational fraud. The Association of Certified Fraud Examiners have published a report that can be found at http://www.acfe.com/rttn-download-2014.aspx

Make at least one original contribution and respond to at least two other comments. Be sure to specifically comment on how detection of fraud applies to application of the audit process to various audit cycles discussed within the reading for this module.

Having read the Report to the Nation on Occupational Fraud discuss the following:

• What is your reaction to the report? Comment on your reaction to how fraud is committed. Who are the victims of occupational fraud and are their any victims who have not been mentioned in the report? Comment on detecting fraud. What other part of the report did you find interesting.

Moreover: Discuss the differences between auditing large and small companies, and auditing public and non-public companies .. Why transaction-related audit objectives are used to develop the audit program.. Explain the effect on tests of controls and substantive tests of eliminating certain specific controls .. Explain the difference between occurrence and completeness for sales .. What is the difference between a test of control and a substantive test of transactions? Review Question 13-4 is helpful. What is the difference between a substantive test of transactions and a test of details of balances? What is the relationship between tests of controls and substantive tests?