Mystery Fraud Training Outline
The goals of the Mystery Fraud Training are to teach auditors through a simulated audit experience.
Starting with the Planning phase, you will be supplied with basic client back ground, and it will be up to
the audience to participate and develop the audit from there.
This includes:
 Interviewing key personnel in the process being audited throughout the event
 Determining information needs , discussing next steps
 Examining evidence, and drawing conclusions
 Adapting audit programs to meet audit requirements despite time constraints and information
availability
 Finally, doing something that many auditors don’t get a chance to do, and perform a
confrontational admission seeking interview.
Along the way, you will be provided with some of my real life keys to a successful audit, such as “My Red
Flags”, the four things that help me identify fraud. As well as data-mining advice and ensuring evidence
is admissible. I also add in past experiences and cases throughout the event to emphasize the learning
points.
Recent Comments:
Tim,
Good afternoon. I wanted to let you know how much I enjoyed the class you conducted in Springfield
yesterday. My agency had 6 staff at the training, and they all commented how much they learned from
your class. I have been to many different CPE classes, but I have never felt like I was taking away so
much that I could actually put into practice immediately. I believe your simulated audit and interview
process was extremely valuable to everyone in the room but especially to less experienced auditors. I
have had the pleasure of training many new staff and interns in my years in public accounting, and I wish
I would have had access to your class for them. Thank you for the valuable experience!
Nikki Lanier, CPA
Illinois Department of Transportation
Office of Internal Audit
Tim,
We met December 12, 2013, at the Dallas Institute of Internal Auditors training on Mystery
Fraud. Thank you for one of the best hands on, practical exercise, training.
- Kevin Wentz, CPA, CIA, CGMA
Timothy Hungerford, CPA, CIA, CFE, CGAP, CISA, CFM, CMA